Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in DOREEN, 3754 is already $470,000, which makes it the number 370th in VIC on a list ordered by most expensive. Make sure that you get good DOREEN mortgage broker to look for the best deal.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, DOREEN, 3754 figure of 7825 represents a 11176.00% change.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-690 less than the median monthly home loan repayment in DOREEN, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in DOREEN, 3754 should have seen some difference. While the latest census median annual household figure income is now $93,236, it was $80,984 back in 2006, which is a net increase of $12,251 Subtract from that the median mortgage repayment increase of $4,404 and a mortgage broker’s clients could be up to $7,847 better off each year even without factoring in mortgage rate cuts.