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 BARWON HEADS is number 809th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BARWON HEADS, 3227.
Across the whole country BARWON HEADS,3227 is number 1817th fastest growing suburb by population growth, and 387th in State. Its population grew by 542 people over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in BARWON HEADS, 3227 rank at number 240th in State or 2341th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BARWON HEADS, 3227 should have seen some difference. While the latest census median annual household figure income is now $74,256, it was $54,163 back in 2006, which is a net increase of $20,092 Subtract from that the median mortgage repayment increase of $6,396 and a mortgage broker’s clients could be up to $13,696 better off each year even without factoring in mortgage rate cuts.