House prices in MOONEE PONDS 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 MOONEE PONDS, 3039 grew an average of 178.60 people each year. This figure of 2686.20% per annum means MOONEE PONDS is one of the fastest growing suburbs in VIC.
MOONEE PONDS 3039 homeowners are paying around 30.39% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than 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 MOONEE PONDS, 3039 should have seen some difference. While the latest census median annual household figure income is now $83,616, it was $60,512 back in 2006, which is a net increase of $23,103 Subtract from that the median mortgage repayment increase of $6,060 and a mortgage broker’s clients could be up to $17,043 better off each year even without factoring in mortgage rate cuts.