GEMBROOK is one of the averagely priced suburbs in VIC. Median home prices are $545,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $490,500 home loan.
Between 2005 and 2011 the population of GEMBROOK, 3783 grew an average of 104.00 people each year. This figure of 409.60% per annum means GEMBROOK is one of the more rapidly growing suburbs in VIC.
Mortgage payments in GEMBROOK , 3783 have increased by $608 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GEMBROOK, 3783 should have seen some difference. While the latest census median annual household figure income is now $67,912, it was $55,250 back in 2006, which is a net increase of $12,662 Subtract from that the median mortgage repayment increase of $7,296 and a mortgage broker’s clients could be up to $5,366 better off each year even without factoring in mortgage rate cuts.