TULLAMARINE is one of the averagely priced suburbs in VIC. Median home prices are $555,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $499,500 home loan.
TULLAMARINE, 3043 is number 980th in a list of the country’s fastest growing suburbs, and number 272th in State. It has had an average population growth of -53.80 over the period between the last two national censuses.
With a median housing loan repayment of $1,559 a month, TULLAMARINE , 3043 mortgage brokers are seeing mortgage holders paying $367 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 TULLAMARINE, 3043 should have seen some difference. While the latest census median annual household figure income is now $55,640, it was $48,375 back in 2006, which is a net increase of $7,264 Subtract from that the median mortgage repayment increase of $4,404 and a mortgage broker’s clients could be up to $2,860 better off each year even without factoring in mortgage rate cuts.