Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then GEELONG WEST is number 1658th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service GEELONG WEST, 3218.
Across the whole country GEELONG WEST,3218 is number 900th fastest growing suburb by population growth, and 259th in State. Its population grew by 380 people over the last five years.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-187 less than the median monthly home loan repayment in GEELONG WEST, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GEELONG WEST, 3218 should have seen some difference. While the latest census median annual household figure income is now $58,708, it was $45,624 back in 2006, which is a net increase of $13,083 Subtract from that the median mortgage repayment increase of $5,568 and a mortgage broker’s clients could be up to $7,515 better off each year even without factoring in mortgage rate cuts.