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 WERRIBEE , 3030 is $380,000 this month which means that a mortgage for 80% of that value would be $304,000.
Australia’s total population growth over the last five years has been 37637.00 This means that WERRIBEE, 3030’s growth of 1096 people is well above the mean for the country as a whole.
Mortgage brokers in WERRIBEE, 3030 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,123 to $1,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WERRIBEE, 3030 should have seen some difference. While the latest census median annual household figure income is now $58,448, it was $52,176 back in 2006, which is a net increase of $6,271 Subtract from that the median mortgage repayment increase of $4,524 and a mortgage broker’s clients could be up to $1,747 better off each year even without factoring in mortgage rate cuts.