Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in ECHUCA, 3564 is already $310,000, which makes it the number 562th in VIC on a list ordered by most expensive. Make sure that you get good ECHUCA mortgage broker to look for the best deal.
Between 2005 and 2011 the population of ECHUCA, 3564 grew an average of 2289.00 people each year. This figure of 2721.40% per annum means ECHUCA is one of the fastest growing suburbs in VIC.
Mortgage brokers in ECHUCA, 3564 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,000 to $1,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ECHUCA, 3564 should have seen some difference. While the latest census median annual household figure income is now $48,204, it was $33,940 back in 2006, which is a net increase of $14,263 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $8,263 better off each year even without factoring in mortgage rate cuts.