House prices in KEW have seen a high level 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.
KEW, 3101 is number 53th in a list of the country’s fastest growing suburbs, and number 32th in State. It has had an average population growth of 271.60 over the period between the last two national censuses.
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.