Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then BALLARAT NORTH is number 3368th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BALLARAT NORTH, 3350.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 3823.00% population change in BALLARAT NORTH 3350 is above average.
BALLARAT NORTH, 3350 has seen a low increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,083 to $1,300.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BALLARAT NORTH, 3350 should have seen some difference. While the latest census median annual household figure income is now $45,656, it was $40,128 back in 2006, which is a net increase of $5,527 Subtract from that the median mortgage repayment increase of $2,604 and a mortgage broker’s clients could be up to $2,923 better off each year even without factoring in mortgage rate cuts.