Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then BYFORD is number 2889th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BYFORD, 6122.
BYFORD, 6122 is number 847th in a list of the country’s fastest growing suburbs, and number 99th in State. It has had an average population growth of 739.40 over the period between the last two national censuses.
Mortgage payments in BYFORD , 6122 have increased by $897 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 BYFORD, 6122 should have seen some difference. While the latest census median annual household figure income is now $87,308, it was $62,212 back in 2006, which is a net increase of $25,095 Subtract from that the median mortgage repayment increase of $10,770 and a mortgage broker’s clients could be up to $14,325 better off each year even without factoring in mortgage rate cuts.