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 CARLTON is number 414th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service CARLTON, 3053.
CARLTON, 3053 is number 255th in a list of the country’s fastest growing suburbs, and number 111th in State. It has had an average population growth of 291.60 over the period between the last two national censuses.
With a median housing loan repayment of $1,900 a month, CARLTON , 3053 mortgage brokers are seeing mortgage holders paying $100 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 CARLTON, 3053 should have seen some difference. While the latest census median annual household figure income is now $32,968, it was $27,435 back in 2006, which is a net increase of $5,532 Subtract from that the median mortgage repayment increase of $1,200 and a mortgage broker’s clients could be up to $4,332 better off each year even without factoring in mortgage rate cuts.