ROMSEY is one of the averagely priced suburbs in VIC. Median home prices are $440,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $396,000 home loan.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 4311.00% population change in ROMSEY 3434 is above average.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in ROMSEY, 3434 rank at number 730th in State or 4559th 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 ROMSEY, 3434 should have seen some difference. While the latest census median annual household figure income is now $72,852, it was $58,526 back in 2006, which is a net increase of $14,326 Subtract from that the median mortgage repayment increase of $3,960 and a mortgage broker’s clients could be up to $10,366 better off each year even without factoring in mortgage rate cuts.