No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in BELMONT , 3216 is $401,525 this month which means that a mortgage for 80% of that value would be $321,220.
BELMONT, 3216 is number 251th in a list of the country’s fastest growing suburbs, and number 109th in State. It has had an average population growth of -5.80 over the period between the last two national censuses.
Mortgage brokers in BELMONT, 3216 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,083 to $1,517.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BELMONT, 3216 should have seen some difference. While the latest census median annual household figure income is now $49,764, it was $40,274 back in 2006, which is a net increase of $9,490 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $4,282 better off each year even without factoring in mortgage rate cuts.