Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in NARRE WARREN SOUTH, 3805 is already $500,000, which makes it the number 324th in VIC on a list ordered by most expensive. Make sure that you get good NARRE WARREN SOUTH mortgage broker to look for the best deal.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 28495.00% population change in NARRE WARREN SOUTH 3805 is well above average.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in NARRE WARREN SOUTH, 3805 rank at number 780th in State or 4752th 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 NARRE WARREN SOUTH, 3805 should have seen some difference. While the latest census median annual household figure income is now $82,680, it was $68,296 back in 2006, which is a net increase of $14,383 Subtract from that the median mortgage repayment increase of $3,732 and a mortgage broker’s clients could be up to $10,651 better off each year even without factoring in mortgage rate cuts.