Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in GROVEDALE, 3216 is already $410,000, which makes it the number 463th in VIC on a list ordered by most expensive. Make sure that you get good GROVEDALE mortgage broker to look for the best deal.
GROVEDALE 3216 has seen a high level of growth in it’s population over the last five years.
With a median housing loan repayment of $1,517 a month, GROVEDALE , 3216 mortgage brokers are seeing mortgage holders paying $386 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GROVEDALE, 3216 should have seen some difference. While the latest census median annual household figure income is now $58,916, it was $51,578 back in 2006, which is a net increase of $7,337 Subtract from that the median mortgage repayment increase of $4,632 and a mortgage broker’s clients could be up to $2,705 better off each year even without factoring in mortgage rate cuts.