Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in FARRER, 2607 is already $800,000, which makes it the number 27th in ACT on a list ordered by most expensive. Make sure that you get good FARRER mortgage broker to look for the best deal.
FARRER 2607 has seen a decline in it’s population over the last five years.
Mortgage payments in FARRER , 2607 have increased by $683 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in FARRER, 2607 should have seen some difference. While the latest census median annual household figure income is now $106,444, it was $84,505 back in 2006, which is a net increase of $21,938 Subtract from that the median mortgage repayment increase of $8,196 and a mortgage broker’s clients could be up to $13,742 better off each year even without factoring in mortgage rate cuts.