Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then GLEN WAVERLEY is number 383th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service GLEN WAVERLEY, 3150.
GLEN WAVERLEY 3150 has seen a high level of growth in it’s population over the last five years.
GLEN WAVERLEY, 3150 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 $1,500 to $2,000.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GLEN WAVERLEY, 3150 should have seen some difference. While the latest census median annual household figure income is now $70,252, it was $60,886 back in 2006, which is a net increase of $9,365 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $3,365 better off each year even without factoring in mortgage rate cuts.