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 SPRING HILL is number 646th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service SPRING HILL, 4000.
SPRING HILL, 4000 is number 1250th in a list of the country’s fastest growing suburbs, and number 296th in State. It has had an average population growth of 84.80 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in SPRING HILL, 4000 rank at number 775th in State or 2280th 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 SPRING HILL, 4000 should have seen some difference. While the latest census median annual household figure income is now $83,876, it was $63,434 back in 2006, which is a net increase of $20,441 Subtract from that the median mortgage repayment increase of $6,492 and a mortgage broker’s clients could be up to $13,949 better off each year even without factoring in mortgage rate cuts.