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 HEATHERTON is number 776th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service HEATHERTON, 3202.
HEATHERTON, 3202 is number 2212th in a list of the country’s fastest growing suburbs, and number 430th in State. It has had an average population growth of 49.00 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $0 more every month. As a percentage rise, this makes HEATHERTON, 3202 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 HEATHERTON, 3202 should have seen some difference. While the latest census median annual household figure income is now $91,104, it was $75,207 back in 2006, which is a net increase of $15,896 Subtract from that the median mortgage repayment increase of $0 and a mortgage broker’s clients could be up to $15,896 better off each year even without factoring in mortgage rate cuts.