House prices in GEELONG have seen quite a lot of growth over the last year, which means it's more important than ever to get a good VIC mortgage broker to help you choose the right home loan product.
Across the whole country GEELONG,3220 is number 1410th fastest growing suburb by population growth, and 339th in State. Its population grew by 345 people over the last five years.
GEELONG 3220 homeowners are paying around 29.81% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than 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 GEELONG, 3220 should have seen some difference. While the latest census median annual household figure income is now $63,232, it was $52,702 back in 2006, which is a net increase of $10,530 Subtract from that the median mortgage repayment increase of $4,776 and a mortgage broker’s clients could be up to $5,754 better off each year even without factoring in mortgage rate cuts.