If you’re looking to buy in LAKES ENTRANCE then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have fallen considerably to $280,000 over the last year.
LAKES ENTRANCE, 3909 is number 1454th in a list of the country’s fastest growing suburbs, and number 345th in State. It has had an average population growth of 95.20 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,300 which is $350 more every month. As a percentage rise, this makes LAKES ENTRANCE, 3909 the number 4574th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LAKES ENTRANCE, 3909 should have seen some difference. While the latest census median annual household figure income is now $36,088, it was $29,390 back in 2006, which is a net increase of $6,697 Subtract from that the median mortgage repayment increase of $4,200 and a mortgage broker’s clients could be up to $2,497 better off each year even without factoring in mortgage rate cuts.