SEDDON is one of the most expensive suburbs in VIC. Median home prices are $995,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $895,500 home loan.
Australia’s total population growth over the last five years has been 4751.00 This means that SEDDON, 3011’s growth of 200 people is considerably above the mean for the country as a whole.
Mortgage payments in SEDDON , 3011 have increased by $477 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 SEDDON, 3011 should have seen some difference. While the latest census median annual household figure income is now $81,172, it was $60,008 back in 2006, which is a net increase of $21,164 Subtract from that the median mortgage repayment increase of $5,724 and a mortgage broker’s clients could be up to $15,440 better off each year even without factoring in mortgage rate cuts.