If you were to buy a house locally at the current median price of $537,500 and had 10% deposit, then you would need a mortgage for $483,750. This is an average sized mortgage compared to state.
YARRA GLEN, 3775 is number 2295th in a list of the country’s fastest growing suburbs, and number 442th in State. It has had an average population growth of 2.40 over the period between the last two national censuses.
Mortgage payments in YARRA GLEN , 3775 have increased by $342 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 YARRA GLEN, 3775 should have seen some difference. While the latest census median annual household figure income is now $67,288, it was $58,146 back in 2006, which is a net increase of $9,141 Subtract from that the median mortgage repayment increase of $4,104 and a mortgage broker’s clients could be up to $5,037 better off each year even without factoring in mortgage rate cuts.