No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in LEONGATHA , 3953 is $297,950 this month which means that a mortgage for 80% of that value would be $238,360.
Australia’s total population growth over the last five years has been 5232.00 This means that LEONGATHA, 3953’s growth of 514 people is well above the mean for the country as a whole.
LEONGATHA 3953 homeowners are paying around 24.84% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LEONGATHA, 3953 should have seen some difference. While the latest census median annual household figure income is now $49,244, it was $43,872 back in 2006, which is a net increase of $5,371 Subtract from that the median mortgage repayment increase of $3,228 and a mortgage broker’s clients could be up to $2,143 better off each year even without factoring in mortgage rate cuts.