House prices in IVANHOE EAST have seen a high level 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.
Between 2005 and 2011 the population of IVANHOE EAST, 3079 grew an average of -4.60 people each year. This figure of 732.20% per annum means IVANHOE EAST is one of the more rapidly growing suburbs in VIC.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in IVANHOE EAST, 3079 rank at number 90th in State or 1153th 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 IVANHOE EAST, 3079 should have seen some difference. While the latest census median annual household figure income is now $108,992, it was $87,708 back in 2006, which is a net increase of $21,283 Subtract from that the median mortgage repayment increase of $8,268 and a mortgage broker’s clients could be up to $13,015 better off each year even without factoring in mortgage rate cuts.