If you were to buy a house locally at the current median price of $270,000 and had 10% deposit, then you would need a mortgage for $243,000. This is relatively small mortgage compared to state.
WONTHAGGI, 3995 is number 1519th in a list of the country’s fastest growing suburbs, and number 356th in State. It has had an average population growth of 22.80 over the period between the last two national censuses.
WONTHAGGI, 3995 has seen a low 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 $867 to $1,192.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WONTHAGGI, 3995 should have seen some difference. While the latest census median annual household figure income is now $35,100, it was $29,213 back in 2006, which is a net increase of $5,886 Subtract from that the median mortgage repayment increase of $3,900 and a mortgage broker’s clients could be up to $1,986 better off each year even without factoring in mortgage rate cuts.