Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in PATTERSON LAKES, 3197 is already $869,250, which makes it the number 167th in VIC on a list ordered by most expensive. Make sure that you get good PATTERSON LAKES mortgage broker to look for the best deal.
Between 2005 and 2011 the population of PATTERSON LAKES, 3197 grew an average of 69.00 people each year. This figure of 1496.40% per annum means PATTERSON LAKES is one of the fastest growing suburbs in VIC.
With a median housing loan repayment of $2,000 a month, PATTERSON LAKES , 3197 mortgage brokers are seeing mortgage holders paying $500 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PATTERSON LAKES, 3197 should have seen some difference. While the latest census median annual household figure income is now $73,840, it was $60,928 back in 2006, which is a net increase of $12,911 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $6,911 better off each year even without factoring in mortgage rate cuts.