MULGRAVE is one of the more expensive suburbs in VIC. Median home prices are $795,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $715,500 home loan.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 17547.00% population change in MULGRAVE 3170 is well above average.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-473 less than the median monthly home loan repayment in MULGRAVE, VIC.
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.