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 559th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service CARLTON, 3053.
Across the whole country CARLTON,3053 is number 255th fastest growing suburb by population growth, and 111th in State. Its population grew by 1458 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,900 which is $100 more every month. As a percentage rise, this makes CARLTON, 3053 the number 2094th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
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.