Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then MACLEOD is number 864th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service MACLEOD, 3085.
MACLEOD 3085 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $500 more every month. As a percentage rise, this makes MACLEOD, 3085 the number 1453th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MACLEOD, 3085 should have seen some difference. While the latest census median annual household figure income is now $73,788, it was $58,260 back in 2006, which is a net increase of $15,527 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $9,527 better off each year even without factoring in mortgage rate cuts.