If you’re looking to buy in NEWTOWN then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $663,500 over the last year.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 9581.00% population change in NEWTOWN 3220 is well above average.
NEWTOWN, 3220 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,300 to $1,800.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NEWTOWN, 3220 should have seen some difference. While the latest census median annual household figure income is now $69,056, it was $55,125 back in 2006, which is a net increase of $13,930 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $7,930 better off each year even without factoring in mortgage rate cuts.