HORSHAM is one of the least expensive suburbs in VIC. Median home prices are $245,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $220,500 home loan.
With a net change of 804 people, HORSHAM 3400 has grown considerably when compared to other suburbs in VIC.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in HORSHAM, 3400 rank at number 838th in State or 5015th 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 HORSHAM, 3400 should have seen some difference. While the latest census median annual household figure income is now $46,956, it was $40,149 back in 2006, which is a net increase of $6,806 Subtract from that the median mortgage repayment increase of $3,396 and a mortgage broker’s clients could be up to $3,410 better off each year even without factoring in mortgage rate cuts.