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 518th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service OAKLEIGH, 3166.
Between 2005 and 2011 the population of OAKLEIGH, 3166 grew an average of 131.40 people each year. This figure of 1486.80% per annum means OAKLEIGH is one of the fastest growing suburbs in VIC.
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.