GOWANBRAE is one of the more expensive suburbs in VIC. Median home prices are $619,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $557,100 home loan.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with above the state figure, GOWANBRAE, 3043 figure of 854 represents a 2645.00% change.
Mortgage brokers in GOWANBRAE, 3043 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,683 to $2,080.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GOWANBRAE, 3043 should have seen some difference. While the latest census median annual household figure income is now $78,104, it was $76,689 back in 2006, which is a net increase of $1,414 Subtract from that the median mortgage repayment increase of $4,758 and a mortgage broker’s clients could be up to $-3,343 better off each year even without factoring in mortgage rate cuts.