House prices in HAMPTON PARK have seen little growth over the last year, which means it's more important than ever to get a good VIC mortgage broker to help you choose the right home loan product.
Between 2005 and 2011 the population of HAMPTON PARK, 3976 grew an average of 320.60 people each year. This figure of 4733.40% per annum means HAMPTON PARK is one of the fastest growing suburbs in VIC.
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.