If you’re looking to buy in TECOMA then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $649,250 over the last year.
Across the whole country TECOMA,3160 is number 2642th fastest growing suburb by population growth, and 486th in State. Its population grew by -103 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,560 which is $360 more every month. As a percentage rise, this makes TECOMA, 3160 the number 3523th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in TECOMA, 3160 should have seen some difference. While the latest census median annual household figure income is now $70,772, it was $57,241 back in 2006, which is a net increase of $13,530 Subtract from that the median mortgage repayment increase of $4,320 and a mortgage broker’s clients could be up to $9,210 better off each year even without factoring in mortgage rate cuts.