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 RESEARCH is number 778th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service RESEARCH, 3095.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 2536.00% population change in RESEARCH 3095 is above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,733 which is $248 more every month. As a percentage rise, this makes RESEARCH, 3095 the number 2627th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RESEARCH, 3095 should have seen some difference. While the latest census median annual household figure income is now $100,828, it was $84,396 back in 2006, which is a net increase of $16,432 Subtract from that the median mortgage repayment increase of $2,976 and a mortgage broker’s clients could be up to $13,456 better off each year even without factoring in mortgage rate cuts.