PASCOE VALE SOUTH is one of the more expensive suburbs in VIC. Median home prices are $768,250 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $691,425 home loan.
Across the whole country PASCOE VALE SOUTH,3044 is number 527th fastest growing suburb by population growth, and 184th in State. Its population grew by 830 people over the last five years.
Mortgage brokers in PASCOE VALE SOUTH, 3044 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,430 to $1,952.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PASCOE VALE SOUTH, 3044 should have seen some difference. While the latest census median annual household figure income is now $74,464, it was $56,430 back in 2006, which is a net increase of $18,033 Subtract from that the median mortgage repayment increase of $6,264 and a mortgage broker’s clients could be up to $11,769 better off each year even without factoring in mortgage rate cuts.