House prices in MIRBOO NORTH have seen negative 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.
Between 2005 and 2011 the population of MIRBOO NORTH, 3871 grew an average of -78.80 people each year. This figure of 439.20% per annum means MIRBOO NORTH is one of the more rapidly growing suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,192 which is $292 more every month. As a percentage rise, this makes MIRBOO NORTH, 3871 the number 5193th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MIRBOO NORTH, 3871 should have seen some difference. While the latest census median annual household figure income is now $49,088, it was $40,606 back in 2006, which is a net increase of $8,481 Subtract from that the median mortgage repayment increase of $3,504 and a mortgage broker’s clients could be up to $4,977 better off each year even without factoring in mortgage rate cuts.