No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in HIGHTON , 3216 is $606,500 this month which means that a mortgage for 80% of that value would be $485,200.
Australia’s total population growth over the last five years has been 16556.00 This means that HIGHTON, 3216’s growth of 2162 people is well above the mean for the country as a whole.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-256 less than the median monthly home loan repayment in HIGHTON, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HIGHTON, 3216 should have seen some difference. While the latest census median annual household figure income is now $71,708, it was $57,850 back in 2006, which is a net increase of $13,858 Subtract from that the median mortgage repayment increase of $5,556 and a mortgage broker’s clients could be up to $8,302 better off each year even without factoring in mortgage rate cuts.