Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in KEW, 3101 is already $2,036,000, which makes it the number 8th in VIC on a list ordered by most expensive. Make sure that you get good KEW mortgage broker to look for the best deal.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, KEW, 3101 figure of 1358 represents a 23776.00% change.
Mortgage brokers in KEW, 3101 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $2,000 to $2,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KEW, 3101 should have seen some difference. While the latest census median annual household figure income is now $105,144, it was $85,056 back in 2006, which is a net increase of $20,087 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $14,087 better off each year even without factoring in mortgage rate cuts.