WODONGA is one of the less expensive suburbs in VIC. Median home prices are $330,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $297,000 home loan.
WODONGA 3690 has seen steady growth in it’s population over the last five years.
With a median housing loan repayment of $1,375 a month, WODONGA , 3690 mortgage brokers are seeing mortgage holders paying $285 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 WODONGA, 3690 should have seen some difference. While the latest census median annual household figure income is now $48,412, it was $44,278 back in 2006, which is a net increase of $4,134 Subtract from that the median mortgage repayment increase of $3,420 and a mortgage broker’s clients could be up to $714 better off each year even without factoring in mortgage rate cuts.