No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in DANDENONG , 3175 is $520,000 this month which means that a mortgage for 80% of that value would be $416,000.
Australia’s total population growth over the last five years has been 24819.00 This means that DANDENONG, 3175’s growth of 8191 people is well above the mean for the country as a whole.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-23 less than the median monthly home loan repayment in DANDENONG, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in DANDENONG, 3175 should have seen some difference. While the latest census median annual household figure income is now $43,264, it was $32,526 back in 2006, which is a net increase of $10,738 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $4,738 better off each year even without factoring in mortgage rate cuts.