No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in TRAFALGAR , 3824 is $296,500 this month which means that a mortgage for 80% of that value would be $237,200.
TRAFALGAR 3824 has seen a high level of growth in it’s population over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in TRAFALGAR, 3824 rank at number 491th in State or 3434th 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 TRAFALGAR, 3824 should have seen some difference. While the latest census median annual household figure income is now $54,288, it was $41,100 back in 2006, which is a net increase of $13,187 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $7,991 better off each year even without factoring in mortgage rate cuts.