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 BRIGHTON EAST , 3187 is $1,725,000 this month which means that a mortgage for 80% of that value would be $1,380,000.
BRIGHTON EAST, 3187 is number 179th in a list of the country’s fastest growing suburbs, and number 87th in State. It has had an average population growth of 129.20 over the period between the last two national censuses.
Mortgage brokers in BRIGHTON EAST, 3187 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $2,000 to $2,492.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BRIGHTON EAST, 3187 should have seen some difference. While the latest census median annual household figure income is now $93,392, it was $74,011 back in 2006, which is a net increase of $19,380 Subtract from that the median mortgage repayment increase of $5,904 and a mortgage broker’s clients could be up to $13,476 better off each year even without factoring in mortgage rate cuts.