If you’re looking to buy in NARRE WARREN SOUTH then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have not risen much to $576,500 over the last year.
With a net change of 3089 people, NARRE WARREN SOUTH 3805 has grown considerably when compared to other suburbs in VIC.
NARRE WARREN SOUTH 3805 homeowners are paying around 20.73% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much less than the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NARRE WARREN SOUTH, 3805 should have seen some difference. While the latest census median annual household figure income is now $82,680, it was $68,296 back in 2006, which is a net increase of $14,383 Subtract from that the median mortgage repayment increase of $3,732 and a mortgage broker’s clients could be up to $10,651 better off each year even without factoring in mortgage rate cuts.