There are a number of RINGWOOD, 3134 mortgage brokers that can help you find the right home loan. With median house prices at $842,500 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, 3134 grew an average of 164.60 people each year. This figure of 3181.60% per annum means RINGWOOD is one of the fastest growing suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-256 less than the median monthly home loan repayment in RINGWOOD, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RINGWOOD, 3134 should have seen some difference. While the latest census median annual household figure income is now $58,916, it was $48,718 back in 2006, which is a net increase of $10,197 Subtract from that the median mortgage repayment increase of $6,156 and a mortgage broker’s clients could be up to $4,041 better off each year even without factoring in mortgage rate cuts.