MOUNT EVELYN is one of the averagely priced suburbs in VIC. Median home prices are $530,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $477,000 home loan.
Australia’s total population growth over the last five years has been 9275.00 This means that MOUNT EVELYN, 3796’s growth of 275 people is well above the mean for the country as a whole.
With a median housing loan repayment of $1,651 a month, MOUNT EVELYN , 3796 mortgage brokers are seeing mortgage holders paying $451 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MOUNT EVELYN, 3796 should have seen some difference. While the latest census median annual household figure income is now $73,736, it was $58,806 back in 2006, which is a net increase of $14,929 Subtract from that the median mortgage repayment increase of $5,412 and a mortgage broker’s clients could be up to $9,517 better off each year even without factoring in mortgage rate cuts.