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 TECOMA is number 1346th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service TECOMA, 3160.
TECOMA, 3160 is number 2642th in a list of the country’s fastest growing suburbs, and number 486th in State. It has had an average population growth of -20.60 over the period between the last two national censuses.
TECOMA, 3160 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 $1,200 to $1,560.
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.