There are a number of RINGWOOD EAST, 3135 mortgage brokers that can help you find the right home loan. With median house prices at $787,500 for this VIC suburb, it's important that you have someone shop around and get you the best mortgage deal.
Between 2005 and 2011 the population of RINGWOOD EAST, 3135 grew an average of 93.60 people each year. This figure of 1929.60% per annum means RINGWOOD EAST is one of the fastest growing suburbs in VIC.
RINGWOOD EAST 3135 homeowners are paying around 48.39% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than the median average increase of VIC which is 35.71%.
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.