Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then BACCHUS MARSH is number 2912th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BACCHUS MARSH, 3340.
BACCHUS MARSH 3340 has seen steady growth in it’s population over the last five years.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-40 less than the median monthly home loan repayment in BACCHUS MARSH, VIC.
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.