Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in MONTMORENCY, 3094 is already $875,000, which makes it the number 179th in VIC on a list ordered by most expensive. Make sure that you get good MONTMORENCY mortgage broker to look for the best deal.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, MONTMORENCY, 3094 figure of 580 represents a 8658.00% change.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in MONTMORENCY, 3094 rank at number 215th in State or 2163th 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 MONTMORENCY, 3094 should have seen some difference. While the latest census median annual household figure income is now $75,764, it was $60,496 back in 2006, which is a net increase of $15,267 Subtract from that the median mortgage repayment increase of $6,600 and a mortgage broker’s clients could be up to $8,667 better off each year even without factoring in mortgage rate cuts.