If you were to buy a house locally at the current median price of $1,071,000 and had 10% deposit, then you would need a mortgage for $963,900. This is a very large mortgage compared to state.
Across the whole country BRUNSWICK EAST,3057 is number 655th fastest growing suburb by population growth, and 207th in State. Its population grew by 1067 people over the last five years.
Mortgage payments in BRUNSWICK EAST , 3057 have increased by $625 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 BRUNSWICK EAST, 3057 should have seen some difference. While the latest census median annual household figure income is now $76,336, it was $56,477 back in 2006, which is a net increase of $19,858 Subtract from that the median mortgage repayment increase of $7,500 and a mortgage broker’s clients could be up to $12,358 better off each year even without factoring in mortgage rate cuts.