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 MILPERRA is number 776th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service MILPERRA, 2214.
Across the whole country MILPERRA,2214 is number 1698th fastest growing suburb by population growth, and 538th in State. Its population grew by -40 people over the last five years.
MILPERRA, 2214 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,720 to $2,200.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MILPERRA, 2214 should have seen some difference. While the latest census median annual household figure income is now $87,516, it was $73,132 back in 2006, which is a net increase of $14,383 Subtract from that the median mortgage repayment increase of $5,760 and a mortgage broker’s clients could be up to $8,623 better off each year even without factoring in mortgage rate cuts.