Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then NARRE WARREN is number 2375th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service NARRE WARREN, 3805.
Across the whole country NARRE WARREN,3805 is number 42th fastest growing suburb by population growth, and 25th in State. Its population grew by 216 people over the last five years.
With a median housing loan repayment of $1,600 a month, NARRE WARREN , 3805 mortgage brokers are seeing mortgage holders paying $400 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 NARRE WARREN, 3805 should have seen some difference. While the latest census median annual household figure income is now $66,092, it was $56,149 back in 2006, which is a net increase of $9,942 Subtract from that the median mortgage repayment increase of $4,800 and a mortgage broker’s clients could be up to $5,142 better off each year even without factoring in mortgage rate cuts.