If you’re looking to buy in FRANKSTON NORTH then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have decreased to $315,900 over the last year.
Between 2005 and 2011 the population of FRANKSTON NORTH, 3200 grew an average of 26.60 people each year. This figure of 1105.20% per annum means FRANKSTON NORTH is one of the more rapidly growing suburbs in VIC.
With a median housing loan repayment of $1,180 a month, FRANKSTON NORTH , 3200 mortgage brokers are seeing mortgage holders paying $409 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 FRANKSTON NORTH, 3200 should have seen some difference. While the latest census median annual household figure income is now $39,520, it was $32,224 back in 2006, which is a net increase of $7,295 Subtract from that the median mortgage repayment increase of $4,908 and a mortgage broker’s clients could be up to $2,387 better off each year even without factoring in mortgage rate cuts.