If you were to buy a house locally at the current median price of $1,248,000 and had 10% deposit, then you would need a mortgage for $1,123,200. This is a very large mortgage compared to state.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, ST KILDA, 3182 figure of 1674 represents a 17696.00% change.
Mortgage brokers in ST KILDA, 3182 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,615 to $2,121.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ST KILDA, 3182 should have seen some difference. While the latest census median annual household figure income is now $75,972, it was $56,841 back in 2006, which is a net increase of $19,130 Subtract from that the median mortgage repayment increase of $6,072 and a mortgage broker’s clients could be up to $13,058 better off each year even without factoring in mortgage rate cuts.