ANGLESEA is one of the more expensive suburbs in VIC. Median home prices are $710,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $639,000 home loan.
Between 2005 and 2011 the population of ANGLESEA, 3230 grew an average of 32.20 people each year. This figure of 470.60% per annum means ANGLESEA is one of the more rapidly growing suburbs in VIC.
ANGLESEA 3230 homeowners are paying around 47.28% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than 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 ANGLESEA, 3230 should have seen some difference. While the latest census median annual household figure income is now $49,972, it was $40,944 back in 2006, which is a net increase of $9,027 Subtract from that the median mortgage repayment increase of $6,144 and a mortgage broker’s clients could be up to $2,883 better off each year even without factoring in mortgage rate cuts.