If you were to buy a house locally at the current median price of $270,000 and had 10% deposit, then you would need a mortgage for $243,000. This is small than average mortgage compared to state.
The average suburb population growth in TAS has been 1298.16% since 2006, so the 3823.00% population change in PENGUIN 7316 is well above average.
Mortgage brokers in PENGUIN, 7316 have seen that the median mortgage loan repayment has decreased notably between the last two census periods, changing from $772 to $1,127.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PENGUIN, 7316 should have seen some difference. While the latest census median annual household figure income is now $46,124, it was $40,372 back in 2006, which is a net increase of $5,751 Subtract from that the median mortgage repayment increase of $4,260 and a mortgage broker’s clients could be up to $1,491 better off each year even without factoring in mortgage rate cuts.