GILMORE is one of the less expensive suburbs in ACT. Median home prices are $550,200 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $495,180 home loan.
Across the whole country GILMORE,2905 is number 2175th fastest growing suburb by population growth, and 59th in State. Its population grew by -63 people over the last five years.
With a median housing loan repayment of $2,000 a month, GILMORE , 2905 mortgage brokers are seeing mortgage holders paying $700 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 GILMORE, 2905 should have seen some difference. While the latest census median annual household figure income is now $97,396, it was $80,574 back in 2006, which is a net increase of $16,822 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $8,422 better off each year even without factoring in mortgage rate cuts.