Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in COBURG, 3058 is already $940,000, which makes it the number 148th in VIC on a list ordered by most expensive. Make sure that you get good COBURG mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 24876.00 This means that COBURG, 3058’s growth of 1255 people is well above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in COBURG, 3058 rank at number 279th in State or 2516th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in COBURG, 3058 should have seen some difference. While the latest census median annual household figure income is now $68,900, it was $52,977 back in 2006, which is a net increase of $15,922 Subtract from that the median mortgage repayment increase of $6,222 and a mortgage broker’s clients could be up to $9,700 better off each year even without factoring in mortgage rate cuts.