THOMASTOWN is one of the more expensive suburbs in VIC. Median home prices are $632,750 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $569,475 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, THOMASTOWN, 3074 figure of -273 represents a 20230.00% change.
With a median housing loan repayment of $1,517 a month, THOMASTOWN , 3074 mortgage brokers are seeing mortgage holders paying $417 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in THOMASTOWN, 3074 should have seen some difference. While the latest census median annual household figure income is now $46,800, it was $40,040 back in 2006, which is a net increase of $6,760 Subtract from that the median mortgage repayment increase of $5,004 and a mortgage broker’s clients could be up to $1,756 better off each year even without factoring in mortgage rate cuts.