Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in TECOMA, 3160 is already $577,500, which makes it the number 280th in VIC on a list ordered by most expensive. Make sure that you get good TECOMA mortgage broker to look for the best deal.
With a net change of -103 people, TECOMA 3160 has has shrunk when compared to other suburbs in VIC.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in TECOMA, 3160 rank at number 673th in State or 4265th 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 TECOMA, 3160 should have seen some difference. While the latest census median annual household figure income is now $70,772, it was $57,241 back in 2006, which is a net increase of $13,530 Subtract from that the median mortgage repayment increase of $4,320 and a mortgage broker’s clients could be up to $9,210 better off each year even without factoring in mortgage rate cuts.