KEILOR LODGE is one of the more expensive suburbs in VIC. Median home prices are $710,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $639,000 home loan.
KEILOR LODGE, 3038 is number 2863th in a list of the country’s fastest growing suburbs, and number 511th in State. It has had an average population growth of 9.80 over the period between the last two national censuses.
Mortgage payments in KEILOR LODGE , 3038 have increased by $200 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 KEILOR LODGE, 3038 should have seen some difference. While the latest census median annual household figure income is now $85,540, it was $70,824 back in 2006, which is a net increase of $14,716 Subtract from that the median mortgage repayment increase of $2,400 and a mortgage broker’s clients could be up to $12,316 better off each year even without factoring in mortgage rate cuts.