ASHWOOD is one of the most expensive suburbs in VIC. Median home prices are $1,251,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,125,900 home loan.
ASHWOOD, 3147 is number 1030th in a list of the country’s fastest growing suburbs, and number 279th in State. It has had an average population growth of 41.00 over the period between the last two national censuses.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-523 less than the median monthly home loan repayment in ASHWOOD, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ASHWOOD, 3147 should have seen some difference. While the latest census median annual household figure income is now $66,820, it was $55,281 back in 2006, which is a net increase of $11,538 Subtract from that the median mortgage repayment increase of $5,994 and a mortgage broker’s clients could be up to $5,544 better off each year even without factoring in mortgage rate cuts.