No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in ARMADALE , 3143 is $2,120,000 this month which means that a mortgage for 80% of that value would be $1,696,000.
With a net change of 293 people, ARMADALE 3143 has grown when compared to other suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-1,023 less than the median monthly home loan repayment in ARMADALE, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ARMADALE, 3143 should have seen some difference. While the latest census median annual household figure income is now $89,024, it was $66,081 back in 2006, which is a net increase of $22,942 Subtract from that the median mortgage repayment increase of $6,846 and a mortgage broker’s clients could be up to $16,096 better off each year even without factoring in mortgage rate cuts.