Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in DIAMOND CREEK, 3089 is already $701,000, which makes it the number 240th in VIC on a list ordered by most expensive. Make sure that you get good DIAMOND CREEK mortgage broker to look for the best deal.
Between 2005 and 2011 the population of DIAMOND CREEK, 3089 grew an average of 243.40 people each year. This figure of 2280.80% per annum means DIAMOND CREEK is one of the fastest growing suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,950 which is $550 more every month. As a percentage rise, this makes DIAMOND CREEK, 3089 the number 1843th 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 DIAMOND CREEK, 3089 should have seen some difference. While the latest census median annual household figure income is now $96,772, it was $74,464 back in 2006, which is a net increase of $22,308 Subtract from that the median mortgage repayment increase of $6,600 and a mortgage broker’s clients could be up to $15,708 better off each year even without factoring in mortgage rate cuts.