House prices in PORT MELBOURNE have seen a high level of growth over the last year, which means it's more important than ever to get a good VIC mortgage broker to help you choose the right home loan product.
With a net change of 1228 people, PORT MELBOURNE 3207 has grown considerably when compared to other suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-1,058 less than the median monthly home loan repayment in PORT MELBOURNE, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PORT MELBOURNE, 3207 should have seen some difference. While the latest census median annual household figure income is now $103,740, it was $85,581 back in 2006, which is a net increase of $18,158 Subtract from that the median mortgage repayment increase of $4,872 and a mortgage broker’s clients could be up to $13,286 better off each year even without factoring in mortgage rate cuts.