KEILOR is one of the more expensive suburbs in VIC. Median home prices are $730,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $657,000 home loan.
KEILOR 3036 has seen not much change in it’s population over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in KEILOR, 3036 rank at number 269th in State or 2461th 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 KEILOR, 3036 should have seen some difference. While the latest census median annual household figure income is now $80,808, it was $63,320 back in 2006, which is a net increase of $17,487 Subtract from that the median mortgage repayment increase of $6,240 and a mortgage broker’s clients could be up to $11,247 better off each year even without factoring in mortgage rate cuts.