Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in ABBOTSFORD, 3067 is already $1,210,000, which makes it the number 86th in VIC on a list ordered by most expensive. Make sure that you get good ABBOTSFORD mortgage broker to look for the best deal.
ABBOTSFORD 3067 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,200 which is $515 more every month. As a percentage rise, this makes ABBOTSFORD, 3067 the number 767th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ABBOTSFORD, 3067 should have seen some difference. While the latest census median annual household figure income is now $93,236, it was $67,641 back in 2006, which is a net increase of $25,594 Subtract from that the median mortgage repayment increase of $6,186 and a mortgage broker’s clients could be up to $19,408 better off each year even without factoring in mortgage rate cuts.