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 SHEPPARTON is number 3915th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service SHEPPARTON, 3630.
With a net change of 1845 people, SHEPPARTON 3630 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 $1,300 which is $217 more every month. As a percentage rise, this makes SHEPPARTON, 3630 the number 4574th 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 SHEPPARTON, 3630 should have seen some difference. While the latest census median annual household figure income is now $48,100, it was $42,042 back in 2006, which is a net increase of $6,058 Subtract from that the median mortgage repayment increase of $2,604 and a mortgage broker’s clients could be up to $3,454 better off each year even without factoring in mortgage rate cuts.