No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in ECHUCA , 3564 is $314,500 this month which means that a mortgage for 80% of that value would be $251,600.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, ECHUCA, 3564 figure of 11445 represents a 13607.00% change.
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.