PASCOE VALE SOUTH is one of the more expensive suburbs in VIC. Median home prices are $850,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $765,000 home loan.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 9432.00% population change in PASCOE VALE SOUTH 3044 is well above average.
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.