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 OAKLEIGH is number 533th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service OAKLEIGH, 3166.
Australia’s total population growth over the last five years has been 7434.00 This means that OAKLEIGH, 3166’s growth of 657 people is well above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in OAKLEIGH, 3166 rank at number 96th in State or 1261th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in OAKLEIGH, 3166 should have seen some difference. While the latest census median annual household figure income is now $72,436, it was $57,023 back in 2006, which is a net increase of $15,412 Subtract from that the median mortgage repayment increase of $7,992 and a mortgage broker’s clients could be up to $7,420 better off each year even without factoring in mortgage rate cuts.