If you were to buy a house locally at the current median price of $608,500 and had 10% deposit, then you would need a mortgage for $547,650. 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, GLENROY, 3046 figure of 770 represents a 19563.00% change.
Mortgage payments in GLENROY , 3046 have increased by $533 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 GLENROY, 3046 should have seen some difference. While the latest census median annual household figure income is now $49,608, it was $37,294 back in 2006, which is a net increase of $12,313 Subtract from that the median mortgage repayment increase of $6,396 and a mortgage broker’s clients could be up to $5,917 better off each year even without factoring in mortgage rate cuts.