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 BURWOOD , 3125 is $1,168,000 this month which means that a mortgage for 80% of that value would be $934,400.
BURWOOD 3125 has seen a high level of growth in it’s population over the last five years.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-523 less than the median monthly home loan repayment in BURWOOD, VIC.
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.