Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in TAYLORS LAKES, 3038 is already $640,000, which makes it the number 260th in VIC on a list ordered by most expensive. Make sure that you get good TAYLORS LAKES mortgage broker to look for the best deal.
TAYLORS LAKES, 3038 is number 166th in a list of the country’s fastest growing suburbs, and number 84th in State. It has had an average population growth of -83.40 over the period between the last two national censuses.
TAYLORS LAKES, 3038 has seen a average increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,300 to $1,600.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in TAYLORS LAKES, 3038 should have seen some difference. While the latest census median annual household figure income is now $86,372, it was $68,978 back in 2006, which is a net increase of $17,394 Subtract from that the median mortgage repayment increase of $3,600 and a mortgage broker’s clients could be up to $13,794 better off each year even without factoring in mortgage rate cuts.