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 GLENELG is number 600th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service GLENELG, 5045.
Australia’s total population growth over the last five years has been 3347.00 This means that GLENELG, 5045’s growth of 321 people is considerably above the mean for the country as a whole.
Mortgage payments in GLENELG , 5045 have increased by $745 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 GLENELG, 5045 should have seen some difference. While the latest census median annual household figure income is now $64,532, it was $51,194 back in 2006, which is a net increase of $13,338 Subtract from that the median mortgage repayment increase of $8,940 and a mortgage broker’s clients could be up to $4,398 better off each year even without factoring in mortgage rate cuts.