No matter where in VIC you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in MORNINGTON , 3931 is $800,000 this month which means that a mortgage for 80% of that value would be $640,000.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, MORNINGTON, 3931 figure of 1602 represents a 22321.00% change.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in MORNINGTON, 3931 rank at number 462th in State or 3303th 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 MORNINGTON, 3931 should have seen some difference. While the latest census median annual household figure income is now $53,300, it was $44,465 back in 2006, which is a net increase of $8,834 Subtract from that the median mortgage repayment increase of $5,256 and a mortgage broker’s clients could be up to $3,578 better off each year even without factoring in mortgage rate cuts.