Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in NORTH GEELONG, 3215 is already $370,000, which makes it the number 504th in VIC on a list ordered by most expensive. Make sure that you get good NORTH GEELONG mortgage broker to look for the best deal.
With a net change of -274 people, NORTH GEELONG 3215 has has shrunk quite a lot when compared to other suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,352 which is $321 more every month. As a percentage rise, this makes NORTH GEELONG, 3215 the number 4462th 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 NORTH GEELONG, 3215 should have seen some difference. While the latest census median annual household figure income is now $45,968, it was $34,595 back in 2006, which is a net increase of $11,372 Subtract from that the median mortgage repayment increase of $3,852 and a mortgage broker’s clients could be up to $7,520 better off each year even without factoring in mortgage rate cuts.