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 BEAUMARIS is number 284th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BEAUMARIS, 3193.
With a net change of 387 people, BEAUMARIS 3193 has grown when compared to other suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,383 which is $583 more every month. As a percentage rise, this makes BEAUMARIS, 3193 the number 555th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BEAUMARIS, 3193 should have seen some difference. While the latest census median annual household figure income is now $99,164, it was $78,748 back in 2006, which is a net increase of $20,415 Subtract from that the median mortgage repayment increase of $6,996 and a mortgage broker’s clients could be up to $13,419 better off each year even without factoring in mortgage rate cuts.