LAUNCESTON is one of the more expensive suburbs in TAS. Median home prices are $364,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $328,050 home loan.
Across the whole country LAUNCESTON,7250 is number 2142th fastest growing suburb by population growth, and 48th in State. Its population grew by -4 people over the last five years.
Mortgage brokers in LAUNCESTON, 7250 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,109 to $1,603.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LAUNCESTON, 7250 should have seen some difference. While the latest census median annual household figure income is now $52,364, it was $46,831 back in 2006, which is a net increase of $5,532 Subtract from that the median mortgage repayment increase of $5,928 and a mortgage broker’s clients could be up to $-395 better off each year even without factoring in mortgage rate cuts.