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 WEST FOOTSCRAY is number 893th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service WEST FOOTSCRAY, 3012.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, WEST FOOTSCRAY, 3012 figure of 448 represents a 10123.00% change.
WEST FOOTSCRAY, 3012 has seen a large 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 $1,300 to $1,800.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WEST FOOTSCRAY, 3012 should have seen some difference. While the latest census median annual household figure income is now $58,708, it was $42,692 back in 2006, which is a net increase of $16,016 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $10,016 better off each year even without factoring in mortgage rate cuts.