MANIFOLD HEIGHTS is one of the more expensive suburbs in VIC. Median home prices are $635,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $571,500 home loan.
With a net change of 54 people, MANIFOLD HEIGHTS 3218 has not grown much when compared to other suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-222 less than the median monthly home loan repayment in MANIFOLD HEIGHTS, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MANIFOLD HEIGHTS, 3218 should have seen some difference. While the latest census median annual household figure income is now $62,816, it was $48,651 back in 2006, which is a net increase of $14,164 Subtract from that the median mortgage repayment increase of $6,660 and a mortgage broker’s clients could be up to $7,504 better off each year even without factoring in mortgage rate cuts.