Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in HIGHTON, 3216 is already $525,000, which makes it the number 312th in VIC on a list ordered by most expensive. Make sure that you get good HIGHTON mortgage broker to look for the best deal.
HIGHTON, 3216 is number 153th in a list of the country’s fastest growing suburbs, and number 78th in State. It has had an average population growth of 432.40 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in HIGHTON, 3216 rank at number 416th in State or 3072th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HIGHTON, 3216 should have seen some difference. While the latest census median annual household figure income is now $71,708, it was $57,850 back in 2006, which is a net increase of $13,858 Subtract from that the median mortgage repayment increase of $5,556 and a mortgage broker’s clients could be up to $8,302 better off each year even without factoring in mortgage rate cuts.