If you’re looking to buy in MALVERN then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased considerably to $2,260,000 over the last year.
Between 2005 and 2011 the population of MALVERN, 3144 grew an average of 16.00 people each year. This figure of 1880.40% per annum means MALVERN 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 MALVERN, 3144 rank at number 80th in State or 1043th 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 MALVERN, 3144 should have seen some difference. While the latest census median annual household figure income is now $104,884, it was $89,445 back in 2006, which is a net increase of $15,438 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $7,038 better off each year even without factoring in mortgage rate cuts.