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 MONTROSE is number 1452th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service MONTROSE, 3765.
With a net change of 267 people, MONTROSE 3765 has grown when compared to other suburbs in VIC.
MONTROSE 3765 homeowners are paying around 41.82% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MONTROSE, 3765 should have seen some difference. While the latest census median annual household figure income is now $72,228, it was $61,115 back in 2006, which is a net increase of $11,112 Subtract from that the median mortgage repayment increase of $6,132 and a mortgage broker’s clients could be up to $4,980 better off each year even without factoring in mortgage rate cuts.