House prices in NARRE WARREN NORTH have seen a high level of growth over the last year, which means it's more important than ever to get a good VIC mortgage broker to help you choose the right home loan product.
NARRE WARREN NORTH, 3804 is number 991th in a list of the country’s fastest growing suburbs, and number 274th in State. It has had an average population growth of 242.20 over the period between the last two national censuses.
Mortgage brokers in NARRE WARREN NORTH, 3804 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,517 to $2,110.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NARRE WARREN NORTH, 3804 should have seen some difference. While the latest census median annual household figure income is now $101,972, it was $86,907 back in 2006, which is a net increase of $15,064 Subtract from that the median mortgage repayment increase of $7,116 and a mortgage broker’s clients could be up to $7,948 better off each year even without factoring in mortgage rate cuts.