KEYSBOROUGH is one of the more expensive suburbs in VIC. Median home prices are $625,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $562,500 home loan.
KEYSBOROUGH, 3173 is number 101th in a list of the country’s fastest growing suburbs, and number 55th in State. It has had an average population growth of 703.60 over the period between the last two national censuses.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-323 less than the median monthly home loan repayment in KEYSBOROUGH, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KEYSBOROUGH, 3173 should have seen some difference. While the latest census median annual household figure income is now $65,156, it was $53,534 back in 2006, which is a net increase of $11,622 Subtract from that the median mortgage repayment increase of $7,044 and a mortgage broker’s clients could be up to $4,578 better off each year even without factoring in mortgage rate cuts.