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 YARRA GLEN , 3775 is $532,500 this month which means that a mortgage for 80% of that value would be $426,000.
YARRA GLEN 3775 has seen a decline in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,700 which is $342 more every month. As a percentage rise, this makes YARRA GLEN, 3775 the number 3034th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
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.