Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in BALWYN NORTH, 3104 is already $1,799,500, which makes it the number 22th in VIC on a list ordered by most expensive. Make sure that you get good BALWYN NORTH mortgage broker to look for the best deal.
BALWYN NORTH 3104 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 $-766 less than the median monthly home loan repayment in BALWYN NORTH, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BALWYN NORTH, 3104 should have seen some difference. While the latest census median annual household figure income is now $92,924, it was $73,642 back in 2006, which is a net increase of $19,281 Subtract from that the median mortgage repayment increase of $5,946 and a mortgage broker’s clients could be up to $13,335 better off each year even without factoring in mortgage rate cuts.