House prices in RED CLIFFS have seen negative 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.
RED CLIFFS, 3496 is number 1435th in a list of the country’s fastest growing suburbs, and number 342th in State. It has had an average population growth of 5.60 over the period between the last two national censuses.
RED CLIFFS, 3496 has seen a very 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 $862 to $1,083.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RED CLIFFS, 3496 should have seen some difference. While the latest census median annual household figure income is now $42,588, it was $37,122 back in 2006, which is a net increase of $5,465 Subtract from that the median mortgage repayment increase of $2,652 and a mortgage broker’s clients could be up to $2,813 better off each year even without factoring in mortgage rate cuts.