If you’re looking to buy in GREENVALE then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $588,500 over the last year.
Between 2005 and 2011 the population of GREENVALE, 3059 grew an average of 313.40 people each year. This figure of 2373.60% per annum means GREENVALE 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 GREENVALE, 3059 rank at number 236th in State or 2324th 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 GREENVALE, 3059 should have seen some difference. While the latest census median annual household figure income is now $89,908, it was $75,270 back in 2006, which is a net increase of $14,638 Subtract from that the median mortgage repayment increase of $6,438 and a mortgage broker’s clients could be up to $8,200 better off each year even without factoring in mortgage rate cuts.