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 BAYSWATER , 3153 is $700,000 this month which means that a mortgage for 80% of that value would be $560,000.
BAYSWATER, 3153 is number 374th in a list of the country’s fastest growing suburbs, and number 144th in State. It has had an average population growth of 100.40 over the period between the last two national censuses.
With a median housing loan repayment of $1,600 a month, BAYSWATER , 3153 mortgage brokers are seeing mortgage holders paying $450 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BAYSWATER, 3153 should have seen some difference. While the latest census median annual household figure income is now $60,372, it was $49,946 back in 2006, which is a net increase of $10,426 Subtract from that the median mortgage repayment increase of $5,400 and a mortgage broker’s clients could be up to $5,026 better off each year even without factoring in mortgage rate cuts.