If you were to buy a house locally at the current median price of $300,000 and had 10% deposit, then you would need a mortgage for $270,000. This is small than average mortgage compared to state.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 1425.00% population change in YARRAGON 3823 is pretty equal to average.
YARRAGON, 3823 has seen a low 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 $987 to $1,300.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in YARRAGON, 3823 should have seen some difference. While the latest census median annual household figure income is now $54,184, it was $42,208 back in 2006, which is a net increase of $11,975 Subtract from that the median mortgage repayment increase of $3,756 and a mortgage broker’s clients could be up to $8,219 better off each year even without factoring in mortgage rate cuts.