Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in HAWTHORN EAST, 3123 is already $1,720,000, which makes it the number 26th in VIC on a list ordered by most expensive. Make sure that you get good HAWTHORN EAST mortgage broker to look for the best deal.
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.
With a median housing loan repayment of $2,392 a month, HAWTHORN EAST , 3123 mortgage brokers are seeing mortgage holders paying $442 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 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.