House prices in BURWOOD have seen a high level of growth over the last year, which means it's more important than ever to get a good VIC mortgage broker to help you choose the right home loan product.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, BURWOOD, 3125 figure of 1276 represents a 13062.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $500 more every month. As a percentage rise, this makes BURWOOD, 3125 the number 1453th 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 BURWOOD, 3125 should have seen some difference. While the latest census median annual household figure income is now $57,148, it was $52,400 back in 2006, which is a net increase of $4,747 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $-1,252 better off each year even without factoring in mortgage rate cuts.