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 PAKENHAM is number 2904th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service PAKENHAM, 3810.
PAKENHAM, 3810 is number 14th in a list of the country’s fastest growing suburbs, and number 10th in State. It has had an average population growth of 2870.80 over the period between the last two national censuses.
Mortgage payments in PAKENHAM , 3810 have increased by $477 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PAKENHAM, 3810 should have seen some difference. While the latest census median annual household figure income is now $63,908, it was $52,140 back in 2006, which is a net increase of $11,767 Subtract from that the median mortgage repayment increase of $5,724 and a mortgage broker’s clients could be up to $6,043 better off each year even without factoring in mortgage rate cuts.