Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then RINGWOOD is number 858th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service RINGWOOD, 3134.
With a net change of 823 people, RINGWOOD 3134 has grown considerably when compared to other suburbs in VIC.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in RINGWOOD, 3134 rank at number 288th in State or 2567th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RINGWOOD, 3134 should have seen some difference. While the latest census median annual household figure income is now $58,916, it was $48,718 back in 2006, which is a net increase of $10,197 Subtract from that the median mortgage repayment increase of $6,156 and a mortgage broker’s clients could be up to $4,041 better off each year even without factoring in mortgage rate cuts.