If you were to buy a house locally at the current median price of $1,622,500 and had 10% deposit, then you would need a mortgage for $1,460,250. This is a very large mortgage compared to state.
ELSTERNWICK 3185 has seen a high level of growth in it’s population over the last five years.
With a median housing loan repayment of $2,167 a month, ELSTERNWICK , 3185 mortgage brokers are seeing mortgage holders paying $467 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ELSTERNWICK, 3185 should have seen some difference. While the latest census median annual household figure income is now $81,536, it was $60,018 back in 2006, which is a net increase of $21,517 Subtract from that the median mortgage repayment increase of $5,604 and a mortgage broker’s clients could be up to $15,913 better off each year even without factoring in mortgage rate cuts.