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 WONTHAGGI is number 3873th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service WONTHAGGI, 3995.
Between 2005 and 2011 the population of WONTHAGGI, 3995 grew an average of 22.80 people each year. This figure of 850.80% per annum means WONTHAGGI is one of the more rapidly growing suburbs in VIC.
WONTHAGGI 3995 homeowners are paying around 37.49% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WONTHAGGI, 3995 should have seen some difference. While the latest census median annual household figure income is now $35,100, it was $29,213 back in 2006, which is a net increase of $5,886 Subtract from that the median mortgage repayment increase of $3,900 and a mortgage broker’s clients could be up to $1,986 better off each year even without factoring in mortgage rate cuts.