House prices in RESERVOIR have seen quite a lot 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.
The average suburb population growth in VIC has been 4149.07% since 2006, so the 47536.00% population change in RESERVOIR 3073 is well above average.
RESERVOIR 3073 homeowners are paying around 38.75% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as 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 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.