Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in SYDENHAM, 3037 is already $507,500, which makes it the number 350th in VIC on a list ordered by most expensive. Make sure that you get good SYDENHAM mortgage broker to look for the best deal.
With a net change of 679 people, SYDENHAM 3037 has grown considerably when compared to other suburbs in VIC.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in SYDENHAM, 3037 rank at number 740th in State or 4587th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SYDENHAM, 3037 should have seen some difference. While the latest census median annual household figure income is now $73,788, it was $58,718 back in 2006, which is a net increase of $15,069 Subtract from that the median mortgage repayment increase of $3,900 and a mortgage broker’s clients could be up to $11,169 better off each year even without factoring in mortgage rate cuts.