Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then CAULFIELD NORTH is number 107th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service CAULFIELD NORTH, 3161.
CAULFIELD NORTH 3161 has seen a high level of growth in it’s population over the last five years.
Mortgage brokers in CAULFIELD NORTH, 3161 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,800 to $2,210.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CAULFIELD NORTH, 3161 should have seen some difference. While the latest census median annual household figure income is now $90,220, it was $63,003 back in 2006, which is a net increase of $27,216 Subtract from that the median mortgage repayment increase of $4,920 and a mortgage broker’s clients could be up to $22,296 better off each year even without factoring in mortgage rate cuts.