There are a number of NOTTING HILL, 3168 mortgage brokers that can help you find the right home loan. With median house prices at $855,000 for this VIC suburb, it's important that you have someone shop around and get you the best mortgage deal.
NOTTING HILL, 3168 is number 2593th in a list of the country’s fastest growing suburbs, and number 478th in State. It has had an average population growth of 112.40 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,950 which is $520 more every month. As a percentage rise, this makes NOTTING HILL, 3168 the number 1843th 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 NOTTING HILL, 3168 should have seen some difference. While the latest census median annual household figure income is now $55,640, it was $42,998 back in 2006, which is a net increase of $12,641 Subtract from that the median mortgage repayment increase of $6,240 and a mortgage broker’s clients could be up to $6,401 better off each year even without factoring in mortgage rate cuts.