If you were to buy a house locally at the current median price of $581,250 and had 10% deposit, then you would need a mortgage for $523,125. This is an average sized mortgage compared to state.
With a net change of 9487 people, CAROLINE SPRINGS 3023 has grown considerably when compared to other suburbs in VIC.
Mortgage payments in CAROLINE SPRINGS , 3023 have increased by $450 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 CAROLINE SPRINGS, 3023 should have seen some difference. While the latest census median annual household figure income is now $85,956, it was $67,360 back in 2006, which is a net increase of $18,595 Subtract from that the median mortgage repayment increase of $5,400 and a mortgage broker’s clients could be up to $13,195 better off each year even without factoring in mortgage rate cuts.