If you’re looking to buy in RINGWOOD EAST then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased considerably to $800,000 over the last year.
RINGWOOD EAST 3135 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,800 which is $587 more every month. As a percentage rise, this makes RINGWOOD EAST, 3135 the number 2379th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RINGWOOD EAST, 3135 should have seen some difference. While the latest census median annual household figure income is now $62,400, it was $50,668 back in 2006, which is a net increase of $11,731 Subtract from that the median mortgage repayment increase of $7,044 and a mortgage broker’s clients could be up to $4,687 better off each year even without factoring in mortgage rate cuts.