Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then SOUTH YARRA is number 222th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service SOUTH YARRA, 3141.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, SOUTH YARRA, 3141 figure of 1141 represents a 19034.00% change.
SOUTH YARRA, 3141 has seen a substantial 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 $1,825 to $2,300.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SOUTH YARRA, 3141 should have seen some difference. While the latest census median annual household figure income is now $88,036, it was $63,684 back in 2006, which is a net increase of $24,351 Subtract from that the median mortgage repayment increase of $5,694 and a mortgage broker’s clients could be up to $18,657 better off each year even without factoring in mortgage rate cuts.