Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in BAYSWATER, 3153 is already $724,000, which makes it the number 231th in VIC on a list ordered by most expensive. Make sure that you get good BAYSWATER mortgage broker to look for the best deal.
BAYSWATER 3153 has seen a high level of growth in it’s population over the last five years.
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.