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 MULGRAVE , 3170 is $769,500 this month which means that a mortgage for 80% of that value would be $615,600.
With a net change of 1369 people, MULGRAVE 3170 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 MULGRAVE, 3170 rank at number 103th in State or 1319th 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 MULGRAVE, 3170 should have seen some difference. While the latest census median annual household figure income is now $70,044, it was $57,137 back in 2006, which is a net increase of $12,906 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $5,106 better off each year even without factoring in mortgage rate cuts.