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 FRANKSTON NORTH , 3200 is $375,000 this month which means that a mortgage for 80% of that value would be $300,000.
With a net change of 133 people, FRANKSTON NORTH 3200 has not grown much when compared to other suburbs in VIC.
Mortgage payments in FRANKSTON NORTH , 3200 have increased by $409 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 FRANKSTON NORTH, 3200 should have seen some difference. While the latest census median annual household figure income is now $39,520, it was $32,224 back in 2006, which is a net increase of $7,295 Subtract from that the median mortgage repayment increase of $4,908 and a mortgage broker’s clients could be up to $2,387 better off each year even without factoring in mortgage rate cuts.