House prices in OAKLEIGH have seen a high level of growth over the last year, which means it's more important than ever to get a good VIC mortgage broker to help you choose the right home loan product.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 7434.00% population change in OAKLEIGH 3166 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,996 which is $666 more every month. As a percentage rise, this makes OAKLEIGH, 3166 the number 1776th 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 OAKLEIGH, 3166 should have seen some difference. While the latest census median annual household figure income is now $72,436, it was $57,023 back in 2006, which is a net increase of $15,412 Subtract from that the median mortgage repayment increase of $7,992 and a mortgage broker’s clients could be up to $7,420 better off each year even without factoring in mortgage rate cuts.