Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in PATTERSON LAKES, 3197 is already $810,000, which makes it the number 172th in VIC on a list ordered by most expensive. Make sure that you get good PATTERSON LAKES mortgage broker to look for the best deal.
With a net change of 345 people, PATTERSON LAKES 3197 has grown when compared to other suburbs in VIC.
PATTERSON LAKES 3197 homeowners are paying around 33.33% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PATTERSON LAKES, 3197 should have seen some difference. While the latest census median annual household figure income is now $73,840, it was $60,928 back in 2006, which is a net increase of $12,911 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $6,911 better off each year even without factoring in mortgage rate cuts.