House prices in FOOTSCRAY have seen quite a lot of growth over the last year, which means it's more important than ever to get a good VIC mortgage broker to help you choose the right home loan product.
FOOTSCRAY, 3011 is number 265th in a list of the country’s fastest growing suburbs, and number 114th in State. It has had an average population growth of 360.40 over the period between the last two national censuses.
FOOTSCRAY, 3011 has seen a large 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 $1,300 to $1,950.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in FOOTSCRAY, 3011 should have seen some difference. While the latest census median annual household figure income is now $55,068, it was $39,150 back in 2006, which is a net increase of $15,917 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $8,117 better off each year even without factoring in mortgage rate cuts.