Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in ELTHAM, 3095 is already $946,000, which makes it the number 161th in VIC on a list ordered by most expensive. Make sure that you get good ELTHAM mortgage broker to look for the best deal.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, ELTHAM, 3095 figure of 583 represents a 18062.00% change.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-473 less than the median monthly home loan repayment in ELTHAM, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ELTHAM, 3095 should have seen some difference. While the latest census median annual household figure income is now $96,200, it was $78,930 back in 2006, which is a net increase of $17,269 Subtract from that the median mortgage repayment increase of $6,600 and a mortgage broker’s clients could be up to $10,669 better off each year even without factoring in mortgage rate cuts.