If you’re looking to buy in DIAMOND CREEK then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $720,000 over the last year.
Between 2005 and 2011 the population of DIAMOND CREEK, 3089 grew an average of 243.40 people each year. This figure of 2280.80% per annum means DIAMOND CREEK is one of the fastest growing suburbs in VIC.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in DIAMOND CREEK, 3089 rank at number 215th in State or 2163th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in DIAMOND CREEK, 3089 should have seen some difference. While the latest census median annual household figure income is now $96,772, it was $74,464 back in 2006, which is a net increase of $22,308 Subtract from that the median mortgage repayment increase of $6,600 and a mortgage broker’s clients could be up to $15,708 better off each year even without factoring in mortgage rate cuts.