RESEARCH is one of the more expensive suburbs in VIC. Median home prices are $857,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $771,750 home loan.
Australia’s total population growth over the last five years has been 2536.00 This means that RESEARCH, 3095’s growth of 256 people is considerably above the mean for the country as a whole.
Mortgage payments in RESEARCH , 3095 have increased by $248 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 RESEARCH, 3095 should have seen some difference. While the latest census median annual household figure income is now $100,828, it was $84,396 back in 2006, which is a net increase of $16,432 Subtract from that the median mortgage repayment increase of $2,976 and a mortgage broker’s clients could be up to $13,456 better off each year even without factoring in mortgage rate cuts.