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 SWAN HILL is number 3938th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service SWAN HILL, 3585.
Between 2005 and 2011 the population of SWAN HILL, 3585 grew an average of 110.00 people each year. This figure of 2066.00% per annum means SWAN HILL is one of the fastest growing suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $177 more than the median monthly home loan repayment in SWAN HILL, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SWAN HILL, 3585 should have seen some difference. While the latest census median annual household figure income is now $46,072, it was $38,402 back in 2006, which is a net increase of $7,670 Subtract from that the median mortgage repayment increase of $4,164 and a mortgage broker’s clients could be up to $3,506 better off each year even without factoring in mortgage rate cuts.