Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in SUNBURY, 3429 is already $382,000, which makes it the number 434th in VIC on a list ordered by most expensive. Make sure that you get good SUNBURY mortgage broker to look for the best deal.
Between 2005 and 2011 the population of SUNBURY, 3429 grew an average of 605.40 people each year. This figure of 6786.00% per annum means SUNBURY is one of the fastest growing suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,690 which is $390 more every month. As a percentage rise, this makes SUNBURY, 3429 the number 3099th 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 SUNBURY, 3429 should have seen some difference. While the latest census median annual household figure income is now $74,464, it was $60,595 back in 2006, which is a net increase of $13,868 Subtract from that the median mortgage repayment increase of $4,680 and a mortgage broker’s clients could be up to $9,188 better off each year even without factoring in mortgage rate cuts.