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 CROYDON , 3136 is $660,000 this month which means that a mortgage for 80% of that value would be $528,000.
Australia’s total population growth over the last five years has been 23452.00 This means that CROYDON, 3136’s growth of 1524 people is well above the mean for the country as a whole.
CROYDON 3136 homeowners are paying around 38.67% 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 CROYDON, 3136 should have seen some difference. While the latest census median annual household figure income is now $57,928, it was $48,588 back in 2006, which is a net increase of $9,339 Subtract from that the median mortgage repayment increase of $5,568 and a mortgage broker’s clients could be up to $3,771 better off each year even without factoring in mortgage rate cuts.