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 CLIFTON HILL is number 341th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service CLIFTON HILL, 3068.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 5691.00% population change in CLIFTON HILL 3068 is above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $407 more every month. As a percentage rise, this makes CLIFTON HILL, 3068 the number 846th 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 CLIFTON HILL, 3068 should have seen some difference. While the latest census median annual household figure income is now $101,712, it was $80,574 back in 2006, which is a net increase of $21,138 Subtract from that the median mortgage repayment increase of $4,884 and a mortgage broker’s clients could be up to $16,254 better off each year even without factoring in mortgage rate cuts.