Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in CHELSEA, 3196 is already $745,500, which makes it the number 177th in VIC on a list ordered by most expensive. Make sure that you get good CHELSEA mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 7122.00 This means that CHELSEA, 3196’s growth of 529 people is well above the mean for the country as a whole.
CHELSEA 3196 homeowners are paying around 48.69% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than 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 CHELSEA, 3196 should have seen some difference. While the latest census median annual household figure income is now $54,392, it was $38,490 back in 2006, which is a net increase of $15,901 Subtract from that the median mortgage repayment increase of $7,596 and a mortgage broker’s clients could be up to $8,305 better off each year even without factoring in mortgage rate cuts.