If you were to buy a house locally at the current median price of $153,000 and had 10% deposit, then you would need a mortgage for $137,700. This is relatively small mortgage compared to state.
MORWELL, 3840 is number 236th in a list of the country’s fastest growing suburbs, and number 104th in State. It has had an average population growth of 47.60 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 $487 more than the median monthly home loan repayment in MORWELL, VIC.
The local median household income has increased by $119 which is a theoretical $13,156 available for a MORWELL mortgage broker to find a home loan.