House prices in PRESTON 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.
Across the whole country PRESTON,3072 is number 25th fastest growing suburb by population growth, and 16th in State. Its population grew by 2033 people over the last five years.
With a median housing loan repayment of $1,863 a month, PRESTON , 3072 mortgage brokers are seeing mortgage holders paying $563 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 PRESTON, 3072 should have seen some difference. While the latest census median annual household figure income is now $60,060, it was $45,734 back in 2006, which is a net increase of $14,326 Subtract from that the median mortgage repayment increase of $6,756 and a mortgage broker’s clients could be up to $7,570 better off each year even without factoring in mortgage rate cuts.