LENAH VALLEY is one of the most expensive suburbs in TAS. Median home prices are $470,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $423,000 home loan.
With a net change of 264 people, LENAH VALLEY 7008 has grown considerably when compared to other suburbs in TAS.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in LENAH VALLEY, 7008 rank at number 52th in State or 1885th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LENAH VALLEY, 7008 should have seen some difference. While the latest census median annual household figure income is now $65,780, it was $55,198 back in 2006, which is a net increase of $10,582 Subtract from that the median mortgage repayment increase of $7,044 and a mortgage broker’s clients could be up to $3,538 better off each year even without factoring in mortgage rate cuts.