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 HAWTHORN EAST is number 162th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service HAWTHORN EAST, 3123.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 13001.00% population change in HAWTHORN EAST 3123 is well above average.
HAWTHORN EAST, 3123 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,950 to $2,392.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HAWTHORN EAST, 3123 should have seen some difference. While the latest census median annual household figure income is now $95,264, it was $75,280 back in 2006, which is a net increase of $19,983 Subtract from that the median mortgage repayment increase of $5,304 and a mortgage broker’s clients could be up to $14,679 better off each year even without factoring in mortgage rate cuts.