HAMPTON PARK is one of the averagely priced suburbs in VIC. Median home prices are $470,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $423,000 home loan.
Across the whole country HAMPTON PARK,3976 is number 56th fastest growing suburb by population growth, and 35th in State. Its population grew by 1603 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,517 which is $369 more every month. As a percentage rise, this makes HAMPTON PARK, 3976 the number 3635th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HAMPTON PARK, 3976 should have seen some difference. While the latest census median annual household figure income is now $60,632, it was $52,520 back in 2006, which is a net increase of $8,112 Subtract from that the median mortgage repayment increase of $4,428 and a mortgage broker’s clients could be up to $3,684 better off each year even without factoring in mortgage rate cuts.