If you were to buy a house locally at the current median price of $874,825 and had 10% deposit, then you would need a mortgage for $787,343. This is a very large mortgage compared to state.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 10064.00% population change in MARIBYRNONG 3032 is well above average.
MARIBYRNONG, 3032 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,600 to $2,167.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MARIBYRNONG, 3032 should have seen some difference. While the latest census median annual household figure income is now $85,072, it was $58,832 back in 2006, which is a net increase of $26,239 Subtract from that the median mortgage repayment increase of $6,804 and a mortgage broker’s clients could be up to $19,435 better off each year even without factoring in mortgage rate cuts.