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 ECHUCA is number 3499th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service ECHUCA, 3564.
Across the whole country ECHUCA,3564 is number 248th fastest growing suburb by population growth, and 108th in State. Its population grew by 11445 people over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in ECHUCA, 3564 rank at number 307th in State or 2633th 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 ECHUCA, 3564 should have seen some difference. While the latest census median annual household figure income is now $48,204, it was $33,940 back in 2006, which is a net increase of $14,263 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $8,263 better off each year even without factoring in mortgage rate cuts.