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 GEELONG , 3220 is $672,000 this month which means that a mortgage for 80% of that value would be $537,600.
With a net change of 345 people, GEELONG 3220 has grown when compared to other suburbs in VIC.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in GEELONG, 3220 rank at number 605th in State or 3938th 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 GEELONG, 3220 should have seen some difference. While the latest census median annual household figure income is now $63,232, it was $52,702 back in 2006, which is a net increase of $10,530 Subtract from that the median mortgage repayment increase of $4,776 and a mortgage broker’s clients could be up to $5,754 better off each year even without factoring in mortgage rate cuts.