Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in CAMBERWELL, 3124 is already $2,003,000, which makes it the number 11th in VIC on a list ordered by most expensive. Make sure that you get good CAMBERWELL mortgage broker to look for the best deal.
Between 2005 and 2011 the population of CAMBERWELL, 3124 grew an average of 78.20 people each year. This figure of 3985.60% per annum means CAMBERWELL is one of the fastest growing suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-1,023 less than the median monthly home loan repayment in CAMBERWELL, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CAMBERWELL, 3124 should have seen some difference. While the latest census median annual household figure income is now $110,344, it was $86,730 back in 2006, which is a net increase of $23,613 Subtract from that the median mortgage repayment increase of $7,968 and a mortgage broker’s clients could be up to $15,645 better off each year even without factoring in mortgage rate cuts.