Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in PASCOE VALE SOUTH, 3044 is already $850,000, which makes it the number 161th in VIC on a list ordered by most expensive. Make sure that you get good PASCOE VALE SOUTH mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 9432.00 This means that PASCOE VALE SOUTH, 3044’s growth of 830 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 PASCOE VALE SOUTH, 3044 rank at number 265th in State or 2449th 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 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.