If you were to buy a house locally at the current median price of $4,350,000 and had 10% deposit, then you would need a mortgage for $3,915,000. This is a very large mortgage compared to state.
Across the whole country VAUCLUSE,2030 is number 584th fastest growing suburb by population growth, and 184th in State. Its population grew by -72 people over the last five years.
With a median housing loan repayment of $3,250 a month, VAUCLUSE , 2030 mortgage brokers are seeing mortgage holders paying $308 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in VAUCLUSE, 2030 should have seen some difference. While the latest census median annual household figure income is now $126,100, it was $106,314 back in 2006, which is a net increase of $19,786 Subtract from that the median mortgage repayment increase of $3,702 and a mortgage broker’s clients could be up to $16,084 better off each year even without factoring in mortgage rate cuts.