Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then MULGRAVE is number 870th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service MULGRAVE, 3170.
Australia’s total population growth over the last five years has been 17547.00 This means that MULGRAVE, 3170’s growth of 1369 people is well above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in MULGRAVE, 3170 rank at number 103th in State or 1319th 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 MULGRAVE, 3170 should have seen some difference. While the latest census median annual household figure income is now $70,044, it was $57,137 back in 2006, which is a net increase of $12,906 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $5,106 better off each year even without factoring in mortgage rate cuts.