If you were to buy a house locally at the current median price of $425,000 and had 10% deposit, then you would need a mortgage for $382,500. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 2139.00 This means that EAST LAUNCESTON, 7250’s growth of -6 people is considerably above the mean for the country as a whole.
Mortgage payments in EAST LAUNCESTON , 7250 have increased by $417 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in EAST LAUNCESTON, 7250 should have seen some difference. While the latest census median annual household figure income is now $70,824, it was $55,296 back in 2006, which is a net increase of $15,527 Subtract from that the median mortgage repayment increase of $5,004 and a mortgage broker’s clients could be up to $10,523 better off each year even without factoring in mortgage rate cuts.