SYDENHAM is one of the averagely priced suburbs in VIC. Median home prices are $492,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $443,250 home loan.
SYDENHAM 3037 has seen a high level of growth in it’s population over the last five years.
Mortgage brokers in SYDENHAM, 3037 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,300 to $1,625.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SYDENHAM, 3037 should have seen some difference. While the latest census median annual household figure income is now $73,788, it was $58,718 back in 2006, which is a net increase of $15,069 Subtract from that the median mortgage repayment increase of $3,900 and a mortgage broker’s clients could be up to $11,169 better off each year even without factoring in mortgage rate cuts.