If you’re looking to buy in PRAHRAN then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased considerably to $1,582,500 over the last year.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, PRAHRAN, 3181 figure of 542 represents a 11091.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,383 which is $635 more every month. As a percentage rise, this makes PRAHRAN, 3181 the number 555th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PRAHRAN, 3181 should have seen some difference. While the latest census median annual household figure income is now $83,668, it was $60,782 back in 2006, which is a net increase of $22,885 Subtract from that the median mortgage repayment increase of $7,620 and a mortgage broker’s clients could be up to $15,265 better off each year even without factoring in mortgage rate cuts.