If you were to buy a house locally at the current median price of $417,500 and had 10% deposit, then you would need a mortgage for $375,750. This is small than average mortgage compared to state.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 33930.00% population change in SUNBURY 3429 is well above average.
SUNBURY 3429 homeowners are paying around 30.00% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SUNBURY, 3429 should have seen some difference. While the latest census median annual household figure income is now $74,464, it was $60,595 back in 2006, which is a net increase of $13,868 Subtract from that the median mortgage repayment increase of $4,680 and a mortgage broker’s clients could be up to $9,188 better off each year even without factoring in mortgage rate cuts.