ROSANNA is one of the most expensive suburbs in VIC. Median home prices are $1,045,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $940,950 home loan.
With a net change of 464 people, ROSANNA 3084 has grown considerably when compared to other suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,993 which is $493 more every month. As a percentage rise, this makes ROSANNA, 3084 the number 1778th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ROSANNA, 3084 should have seen some difference. While the latest census median annual household figure income is now $75,348, it was $56,430 back in 2006, which is a net increase of $18,917 Subtract from that the median mortgage repayment increase of $5,916 and a mortgage broker’s clients could be up to $13,001 better off each year even without factoring in mortgage rate cuts.