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 CASTLEMAINE , 3450 is $395,000 this month which means that a mortgage for 80% of that value would be $316,000.
With a net change of -48 people, CASTLEMAINE 3450 has has shrunk when compared to other suburbs in VIC.
CASTLEMAINE 3450 homeowners are paying around 34.51% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CASTLEMAINE, 3450 should have seen some difference. While the latest census median annual household figure income is now $40,352, it was $31,990 back in 2006, which is a net increase of $8,361 Subtract from that the median mortgage repayment increase of $3,744 and a mortgage broker’s clients could be up to $4,617 better off each year even without factoring in mortgage rate cuts.