If you’re looking to buy in KYNETON then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have not risen much to $450,000 over the last year.
Between 2005 and 2011 the population of KYNETON, 3444 grew an average of 144.60 people each year. This figure of 1305.60% per annum means KYNETON is one of the more rapidly growing suburbs in VIC.
Mortgage brokers in KYNETON, 3444 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,040 to $1,517.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KYNETON, 3444 should have seen some difference. While the latest census median annual household figure income is now $51,636, it was $41,116 back in 2006, which is a net increase of $10,519 Subtract from that the median mortgage repayment increase of $5,724 and a mortgage broker’s clients could be up to $4,795 better off each year even without factoring in mortgage rate cuts.