If you were to buy a house locally at the current median price of $675,000 and had 10% deposit, then you would need a mortgage for $607,500. This is quite a large mortgage compared to state.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, LILYDALE, 3140 figure of 1762 represents a 15549.00% change.
Mortgage brokers in LILYDALE, 3140 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,300 to $1,733.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LILYDALE, 3140 should have seen some difference. While the latest census median annual household figure income is now $66,768, it was $57,054 back in 2006, which is a net increase of $9,713 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $4,517 better off each year even without factoring in mortgage rate cuts.