NARRE WARREN is one of the averagely priced suburbs in VIC. Median home prices are $570,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $513,000 home loan.
Between 2005 and 2011 the population of NARRE WARREN, 3805 grew an average of 43.20 people each year. This figure of 5156.40% per annum means NARRE WARREN is one of the fastest growing suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,600 which is $400 more every month. As a percentage rise, this makes NARRE WARREN, 3805 the number 3373th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $191 which is a theoretical $20,800 available for a NARRE WARREN mortgage broker to find a home loan.