Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then FLEMINGTON is number 658th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service FLEMINGTON, 3031.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, FLEMINGTON, 3031 figure of 151 represents a 7428.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $483 more every month. As a percentage rise, this makes FLEMINGTON, 3031 the number 1453th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in FLEMINGTON, 3031 should have seen some difference. While the latest census median annual household figure income is now $53,144, it was $38,495 back in 2006, which is a net increase of $14,648 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $8,852 better off each year even without factoring in mortgage rate cuts.