If you were to buy a house locally at the current median price of $430,000 and had 10% deposit, then you would need a mortgage for $387,000. This is an average sized mortgage compared to state.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 5366.00% population change in CAMPBELLFIELD 3061 is above average.
CAMPBELLFIELD, 3061 has seen a average increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,100 to $1,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CAMPBELLFIELD, 3061 should have seen some difference. While the latest census median annual household figure income is now $40,768, it was $33,254 back in 2006, which is a net increase of $7,514 Subtract from that the median mortgage repayment increase of $4,800 and a mortgage broker’s clients could be up to $2,714 better off each year even without factoring in mortgage rate cuts.