Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in TEMPLESTOWE LOWER, 3107 is already $1,060,000, which makes it the number 81th in VIC on a list ordered by most expensive. Make sure that you get good TEMPLESTOWE LOWER mortgage broker to look for the best deal.
TEMPLESTOWE LOWER 3107 has seen not much change in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,150 which is $568 more every month. As a percentage rise, this makes TEMPLESTOWE LOWER, 3107 the number 1199th 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 TEMPLESTOWE LOWER, 3107 should have seen some difference. While the latest census median annual household figure income is now $74,308, it was $60,231 back in 2006, which is a net increase of $14,076 Subtract from that the median mortgage repayment increase of $6,816 and a mortgage broker’s clients could be up to $7,260 better off each year even without factoring in mortgage rate cuts.