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 YOUNG is number 3875th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service YOUNG, 2594.
Australia’s total population growth over the last five years has been 9938.00 This means that YOUNG, 2594’s growth of 372 people is well above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in YOUNG, 2594 rank at number 1220th in State or 4587th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in YOUNG, 2594 should have seen some difference. While the latest census median annual household figure income is now $42,276, it was $36,426 back in 2006, which is a net increase of $5,850 Subtract from that the median mortgage repayment increase of $3,900 and a mortgage broker’s clients could be up to $1,950 better off each year even without factoring in mortgage rate cuts.