If you were to buy a house locally at the current median price of $710,000 and had 10% deposit, then you would need a mortgage for $639,000. This is an average sized mortgage compared to state.
ST CLAIR 2759 has seen considerable shrinkage in it’s population over the last five years.
Mortgage payments in ST CLAIR , 2759 have increased by $483 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 ST CLAIR, 2759 should have seen some difference. While the latest census median annual household figure income is now $86,840, it was $70,803 back in 2006, which is a net increase of $16,036 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $10,240 better off each year even without factoring in mortgage rate cuts.