If you were to buy a house locally at the current median price of $737,000 and had 10% deposit, then you would need a mortgage for $663,300. This is quite a large mortgage compared to state.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, FRANKSTON SOUTH, 3199 figure of 252 represents a 17512.00% change.
Mortgage payments in FRANKSTON SOUTH , 3199 have increased by $425 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 SOUTH, 3199 should have seen some difference. While the latest census median annual household figure income is now $71,344, it was $58,775 back in 2006, which is a net increase of $12,568 Subtract from that the median mortgage repayment increase of $5,100 and a mortgage broker’s clients could be up to $7,468 better off each year even without factoring in mortgage rate cuts.