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 MILDURA , 3500 is $257,000 this month which means that a mortgage for 80% of that value would be $205,600.
With a net change of 1902 people, MILDURA 3500 has grown considerably when compared to other suburbs in VIC.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in MILDURA, 3500 rank at number 930th in State or 5387th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MILDURA, 3500 should have seen some difference. While the latest census median annual household figure income is now $44,408, it was $39,587 back in 2006, which is a net increase of $4,820 Subtract from that the median mortgage repayment increase of $2,604 and a mortgage broker’s clients could be up to $2,216 better off each year even without factoring in mortgage rate cuts.