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 MOUNT CLEAR , 3350 is $330,000 this month which means that a mortgage for 80% of that value would be $264,000.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with above the state figure, MOUNT CLEAR, 3350 figure of 560 represents a 2805.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,500 which is $500 more every month. As a percentage rise, this makes MOUNT CLEAR, 3350 the number 3916th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MOUNT CLEAR, 3350 should have seen some difference. While the latest census median annual household figure income is now $57,512, it was $48,131 back in 2006, which is a net increase of $9,380 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $3,380 better off each year even without factoring in mortgage rate cuts.