If you were to buy a house locally at the current median price of $701,500 and had 10% deposit, then you would need a mortgage for $631,350. This is quite a large mortgage compared to state.
With a net change of 239 people, WATSONIA 3087 has grown when compared to other suburbs in VIC.
Mortgage payments in WATSONIA , 3087 have increased by $444 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WATSONIA, 3087 should have seen some difference. While the latest census median annual household figure income is now $60,840, it was $49,899 back in 2006, which is a net increase of $10,940 Subtract from that the median mortgage repayment increase of $5,328 and a mortgage broker’s clients could be up to $5,612 better off each year even without factoring in mortgage rate cuts.