HAWTHORN is one of the most expensive suburbs in VIC. Median home prices are $1,950,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,755,000 home loan.
Australia’s total population growth over the last five years has been 21077.00 This means that HAWTHORN, 3122’s growth of 1396 people is well above the mean for the country as a whole.
Mortgage brokers in HAWTHORN, 3122 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,842 to $2,193.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HAWTHORN, 3122 should have seen some difference. While the latest census median annual household figure income is now $84,656, it was $64,677 back in 2006, which is a net increase of $19,978 Subtract from that the median mortgage repayment increase of $4,212 and a mortgage broker’s clients could be up to $15,766 better off each year even without factoring in mortgage rate cuts.