Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in PAKENHAM, 3810 is already $440,000, which makes it the number 441th in VIC on a list ordered by most expensive. Make sure that you get good PAKENHAM mortgage broker to look for the best deal.
PAKENHAM 3810 has seen a high level of growth in it’s population over the last five years.
Mortgage payments in PAKENHAM , 3810 have increased by $477 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PAKENHAM, 3810 should have seen some difference. While the latest census median annual household figure income is now $63,908, it was $52,140 back in 2006, which is a net increase of $11,767 Subtract from that the median mortgage repayment increase of $5,724 and a mortgage broker’s clients could be up to $6,043 better off each year even without factoring in mortgage rate cuts.