If you’re looking to buy in MORDIALLOC then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased considerably to $977,500 over the last year.
Across the whole country MORDIALLOC,3195 is number 774th fastest growing suburb by population growth, and 232th in State. Its population grew by 556 people over the last five years.
Mortgage brokers in MORDIALLOC, 3195 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,517 to $2,000.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MORDIALLOC, 3195 should have seen some difference. While the latest census median annual household figure income is now $70,668, it was $54,178 back in 2006, which is a net increase of $16,489 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $10,693 better off each year even without factoring in mortgage rate cuts.