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 THOMASTOWN is number 2294th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service THOMASTOWN, 3074.
Across the whole country THOMASTOWN,3074 is number 93th fastest growing suburb by population growth, and 50th in State. Its population grew by -273 people over the last five years.
Mortgage brokers in THOMASTOWN, 3074 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,100 to $1,517.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in THOMASTOWN, 3074 should have seen some difference. While the latest census median annual household figure income is now $46,800, it was $40,040 back in 2006, which is a net increase of $6,760 Subtract from that the median mortgage repayment increase of $5,004 and a mortgage broker’s clients could be up to $1,756 better off each year even without factoring in mortgage rate cuts.