MULGRAVE is one of the more expensive suburbs in VIC. Median home prices are $865,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $778,950 home loan.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, MULGRAVE, 3170 figure of 1369 represents a 17547.00% change.
Mortgage payments in MULGRAVE , 3170 have increased by $650 over the 5-year census period.
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.