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 TEMPLESTOWE LOWER is number 510th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service TEMPLESTOWE LOWER, 3107.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 13052.00% population change in TEMPLESTOWE LOWER 3107 is well above average.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-673 less than the median monthly home loan repayment in TEMPLESTOWE LOWER, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in TEMPLESTOWE LOWER, 3107 should have seen some difference. While the latest census median annual household figure income is now $74,308, it was $60,231 back in 2006, which is a net increase of $14,076 Subtract from that the median mortgage repayment increase of $6,816 and a mortgage broker’s clients could be up to $7,260 better off each year even without factoring in mortgage rate cuts.