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 BACCHUS MARSH , 3340 is $394,500 this month which means that a mortgage for 80% of that value would be $315,600.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with above the state figure, BACCHUS MARSH, 3340 figure of 193 represents a 5659.00% change.
Mortgage payments in BACCHUS MARSH , 3340 have increased by $434 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BACCHUS MARSH, 3340 should have seen some difference. While the latest census median annual household figure income is now $50,544, it was $46,810 back in 2006, which is a net increase of $3,733 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $-1,474 better off each year even without factoring in mortgage rate cuts.