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 WESTMEADOWS is number 1991th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service WESTMEADOWS, 3049.
Australia’s total population growth over the last five years has been 5422.00 This means that WESTMEADOWS, 3049’s growth of -336 people is well above the mean for the country as a whole.
WESTMEADOWS 3049 homeowners are paying around 35.88% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WESTMEADOWS, 3049 should have seen some difference. While the latest census median annual household figure income is now $64,168, it was $54,241 back in 2006, which is a net increase of $9,926 Subtract from that the median mortgage repayment increase of $5,070 and a mortgage broker’s clients could be up to $4,856 better off each year even without factoring in mortgage rate cuts.