If you’re looking to buy in FRANKSTON then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have not risen much to $471,000 over the last year.
Between 2005 and 2011 the population of FRANKSTON, 3199 grew an average of 110.60 people each year. This figure of 6981.80% per annum means FRANKSTON is one of the fastest growing suburbs in VIC.
FRANKSTON 3199 homeowners are paying around 38.04% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in FRANKSTON, 3199 should have seen some difference. While the latest census median annual household figure income is now $49,608, it was $40,367 back in 2006, which is a net increase of $9,240 Subtract from that the median mortgage repayment increase of $4,944 and a mortgage broker’s clients could be up to $4,296 better off each year even without factoring in mortgage rate cuts.