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 NUNAWADING is number 613th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service NUNAWADING, 3131.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, NUNAWADING, 3131 figure of 286 represents a 10845.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,950 which is $650 more every month. As a percentage rise, this makes NUNAWADING, 3131 the number 1843th 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 NUNAWADING, 3131 should have seen some difference. While the latest census median annual household figure income is now $66,560, it was $53,840 back in 2006, which is a net increase of $12,719 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $4,919 better off each year even without factoring in mortgage rate cuts.