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 BRUNSWICK , 3056 is $1,106,000 this month which means that a mortgage for 80% of that value would be $884,800.
BRUNSWICK 3056 has seen a high level of growth in it’s population over the last five years.
BRUNSWICK 3056 homeowners are paying around 32.28% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BRUNSWICK, 3056 should have seen some difference. While the latest census median annual household figure income is now $74,516, it was $55,822 back in 2006, which is a net increase of $18,694 Subtract from that the median mortgage repayment increase of $5,856 and a mortgage broker’s clients could be up to $12,838 better off each year even without factoring in mortgage rate cuts.