If you’re looking to buy in PORTLAND then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have fallen considerably to $220,000 over the last year.
With a net change of 241 people, PORTLAND 3305 has grown when compared to other suburbs in VIC.
PORTLAND, 3305 has seen a low 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 $899 to $1,200.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PORTLAND, 3305 should have seen some difference. While the latest census median annual household figure income is now $46,696, it was $42,036 back in 2006, which is a net increase of $4,659 Subtract from that the median mortgage repayment increase of $3,612 and a mortgage broker’s clients could be up to $1,047 better off each year even without factoring in mortgage rate cuts.