IVANHOE EAST is one of the most expensive suburbs in VIC. Median home prices are $1,797,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,617,300 home loan.
Across the whole country IVANHOE EAST,3079 is number 1726th fastest growing suburb by population growth, and 378th in State. Its population grew by -23 people over the last five years.
IVANHOE EAST 3079 homeowners are paying around 38.05% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of VIC which is 35.71%.
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.