Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in CAROLINE SPRINGS, 3023 is already $525,000, which makes it the number 317th in VIC on a list ordered by most expensive. Make sure that you get good CAROLINE SPRINGS mortgage broker to look for the best deal.
Across the whole country CAROLINE SPRINGS,3023 is number 91th fastest growing suburb by population growth, and 49th in State. Its population grew by 9487 people over the last five years.
Mortgage payments in CAROLINE SPRINGS , 3023 have increased by $450 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CAROLINE SPRINGS, 3023 should have seen some difference. While the latest census median annual household figure income is now $85,956, it was $67,360 back in 2006, which is a net increase of $18,595 Subtract from that the median mortgage repayment increase of $5,400 and a mortgage broker’s clients could be up to $13,195 better off each year even without factoring in mortgage rate cuts.