No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in KOO WEE RUP , 3981 is $350,000 this month which means that a mortgage for 80% of that value would be $280,000.
Australia’s total population growth over the last five years has been 2979.00 This means that KOO WEE RUP, 3981’s growth of 277 people is considerably above the mean for the country as a whole.
Mortgage brokers in KOO WEE RUP, 3981 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,127 to $1,647.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KOO WEE RUP, 3981 should have seen some difference. While the latest census median annual household figure income is now $57,252, it was $45,999 back in 2006, which is a net increase of $11,252 Subtract from that the median mortgage repayment increase of $6,240 and a mortgage broker’s clients could be up to $5,012 better off each year even without factoring in mortgage rate cuts.