If you’re looking to buy in DOWNER then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $747,500 over the last year.
ACT has seen an average of 3405.68% rowth over the last 5 years. This means that with above the state figure, DOWNER, 2602 figure of 183 represents a 3454.00% change.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in DOWNER, 2602 rank at number 32th in State or 1237th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in DOWNER, 2602 should have seen some difference. While the latest census median annual household figure income is now $80,444, it was $60,954 back in 2006, which is a net increase of $19,489 Subtract from that the median mortgage repayment increase of $8,004 and a mortgage broker’s clients could be up to $11,485 better off each year even without factoring in mortgage rate cuts.