There are a number of RESERVOIR, 3073 mortgage brokers that can help you find the right home loan. With median house prices at $771,000 for this VIC suburb, it's important that you have someone shop around and get you the best mortgage deal.
RESERVOIR, 3073 is number 1st in a list of the country’s fastest growing suburbs, and number 1st in State. It has had an average population growth of 333.40 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,733 which is $484 more every month. As a percentage rise, this makes RESERVOIR, 3073 the number 2627th 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 RESERVOIR, 3073 should have seen some difference. While the latest census median annual household figure income is now $50,544, it was $38,318 back in 2006, which is a net increase of $12,225 Subtract from that the median mortgage repayment increase of $5,808 and a mortgage broker’s clients could be up to $6,417 better off each year even without factoring in mortgage rate cuts.