If you were to buy a house locally at the current median price of $491,000 and had 10% deposit, then you would need a mortgage for $441,900. This is an average sized mortgage compared to state.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 37498.00% population change in HOPPERS CROSSING 3029 is well above average.
Mortgage payments in HOPPERS CROSSING , 3029 have increased by $325 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HOPPERS CROSSING, 3029 should have seen some difference. While the latest census median annual household figure income is now $67,548, it was $59,155 back in 2006, which is a net increase of $8,392 Subtract from that the median mortgage repayment increase of $3,900 and a mortgage broker’s clients could be up to $4,492 better off each year even without factoring in mortgage rate cuts.