If you were to buy a house locally at the current median price of $1,217,500 and had 10% deposit, then you would need a mortgage for $1,095,750. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 4676.00 This means that HAWTHORNE, 4171’s growth of 467 people is considerably above the mean for the country as a whole.
Mortgage brokers in HAWTHORNE, 4171 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,950 to $2,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HAWTHORNE, 4171 should have seen some difference. While the latest census median annual household figure income is now $109,252, it was $78,644 back in 2006, which is a net increase of $30,607 Subtract from that the median mortgage repayment increase of $6,600 and a mortgage broker’s clients could be up to $24,007 better off each year even without factoring in mortgage rate cuts.