TAYLORS LAKES is one of the more expensive suburbs in VIC. Median home prices are $660,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $594,000 home loan.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, TAYLORS LAKES, 3038 figure of -417 represents a 15995.00% change.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-123 less than the median monthly home loan repayment in TAYLORS LAKES, VIC.
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.