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 BROADMEADOWS , 3047 is $380,000 this month which means that a mortgage for 80% of that value would be $304,000.
Australia’s total population growth over the last five years has been 10479.00 This means that BROADMEADOWS, 3047’s growth of 595 people is well above the mean for the country as a whole.
Mortgage brokers in BROADMEADOWS, 3047 have seen that the median mortgage loan repayment has decreased slightly between the last two census periods, changing from $1,012 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 BROADMEADOWS, 3047 should have seen some difference. While the latest census median annual household figure income is now $38,792, it was $32,193 back in 2006, which is a net increase of $6,598 Subtract from that the median mortgage repayment increase of $3,456 and a mortgage broker’s clients could be up to $3,142 better off each year even without factoring in mortgage rate cuts.