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 WOODEND is number 1884th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service WOODEND, 3442.
WOODEND, 3442 is number 1208th in a list of the country’s fastest growing suburbs, and number 306th in State. It has had an average population growth of 8.00 over the period between the last two national censuses.
With a median housing loan repayment of $1,647 a month, WOODEND , 3442 mortgage brokers are seeing mortgage holders paying $454 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 WOODEND, 3442 should have seen some difference. While the latest census median annual household figure income is now $75,140, it was $55,286 back in 2006, which is a net increase of $19,853 Subtract from that the median mortgage repayment increase of $5,448 and a mortgage broker’s clients could be up to $14,405 better off each year even without factoring in mortgage rate cuts.