If you were to buy a house locally at the current median price of $277,000 and had 10% deposit, then you would need a mortgage for $249,300. This is relatively small mortgage compared to state.
Australia’s total population growth over the last five years has been 4254.00 This means that WONTHAGGI, 3995’s growth of 114 people is considerably above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,192 which is $325 more every month. As a percentage rise, this makes WONTHAGGI, 3995 the number 5193th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
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.