BARWON HEADS is one of the more expensive suburbs in VIC. Median home prices are $855,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $769,500 home loan.
BARWON HEADS 3227 has seen a high level of growth in it’s population over the last five years.
Mortgage payments in BARWON HEADS , 3227 have increased by $533 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 BARWON HEADS, 3227 should have seen some difference. While the latest census median annual household figure income is now $74,256, it was $54,163 back in 2006, which is a net increase of $20,092 Subtract from that the median mortgage repayment increase of $6,396 and a mortgage broker’s clients could be up to $13,696 better off each year even without factoring in mortgage rate cuts.