No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in SOUTH YARRA , 3141 is $1,368,000 this month which means that a mortgage for 80% of that value would be $1,094,400.
Across the whole country SOUTH YARRA,3141 is number 116th fastest growing suburb by population growth, and 60th in State. Its population grew by 1141 people over the last five years.
Mortgage payments in SOUTH YARRA , 3141 have increased by $474 over the 5-year census period.
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.