MOLE CREEK is one of the less expensive suburbs in TAS. Median home prices are $255,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $229,500 home loan.
The average suburb population growth in TAS has been 1298.16% since 2006, so the 508.00% population change in MOLE CREEK 7304 is pretty equal to average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $867 which is $217 more every month. As a percentage rise, this makes MOLE CREEK, 7304 the number 5965th 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 MOLE CREEK, 7304 should have seen some difference. While the latest census median annual household figure income is now $38,688, it was $32,583 back in 2006, which is a net increase of $6,104 Subtract from that the median mortgage repayment increase of $2,604 and a mortgage broker’s clients could be up to $3,500 better off each year even without factoring in mortgage rate cuts.