House prices in MORNINGTON have seen quite a lot of 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.
MORNINGTON, 3931 is number 67th in a list of the country’s fastest growing suburbs, and number 39th in State. It has had an average population growth of 320.40 over the period between the last two national censuses.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-261 less than the median monthly home loan repayment in MORNINGTON, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MORNINGTON, 3931 should have seen some difference. While the latest census median annual household figure income is now $53,300, it was $44,465 back in 2006, which is a net increase of $8,834 Subtract from that the median mortgage repayment increase of $5,256 and a mortgage broker’s clients could be up to $3,578 better off each year even without factoring in mortgage rate cuts.