Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in NARRE WARREN NORTH, 3804 is already $790,000, which makes it the number 160th in VIC on a list ordered by most expensive. Make sure that you get good NARRE WARREN NORTH mortgage broker to look for the best deal.
NARRE WARREN NORTH 3804 has seen a high level of growth in it’s population over the last five years.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-633 less than the median monthly home loan repayment in NARRE WARREN NORTH, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NARRE WARREN NORTH, 3804 should have seen some difference. While the latest census median annual household figure income is now $101,972, it was $86,907 back in 2006, which is a net increase of $15,064 Subtract from that the median mortgage repayment increase of $7,116 and a mortgage broker’s clients could be up to $7,948 better off each year even without factoring in mortgage rate cuts.