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 KENSINGTON is number 803th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service KENSINGTON, 3031.
Between 2005 and 2011 the population of KENSINGTON, 3031 grew an average of 208.40 people each year. This figure of 1923.60% per annum means KENSINGTON is one of the fastest growing suburbs in VIC.
Mortgage payments in KENSINGTON , 3031 have increased by $434 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KENSINGTON, 3031 should have seen some difference. While the latest census median annual household figure income is now $89,440, it was $72,628 back in 2006, which is a net increase of $16,811 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $11,603 better off each year even without factoring in mortgage rate cuts.