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 STRETTON is number 730th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service STRETTON, 4116.
Across the whole country STRETTON,4116 is number 1604th fastest growing suburb by population growth, and 378th in State. Its population grew by 292 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,400 which is $775 more every month. As a percentage rise, this makes STRETTON, 4116 the number 504th 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 STRETTON, 4116 should have seen some difference. While the latest census median annual household figure income is now $95,836, it was $77,448 back in 2006, which is a net increase of $18,387 Subtract from that the median mortgage repayment increase of $9,300 and a mortgage broker’s clients could be up to $9,087 better off each year even without factoring in mortgage rate cuts.