EAGLEHAWK is one of the least expensive suburbs in VIC. Median home prices are $276,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $248,400 home loan.
EAGLEHAWK 3556 has seen a high level of growth in it’s population over the last five years.
EAGLEHAWK 3556 homeowners are paying around 38.41% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in EAGLEHAWK, 3556 should have seen some difference. While the latest census median annual household figure income is now $39,988, it was $34,611 back in 2006, which is a net increase of $5,376 Subtract from that the median mortgage repayment increase of $3,996 and a mortgage broker’s clients could be up to $1,380 better off each year even without factoring in mortgage rate cuts.