Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in RINGWOOD, 3134 is already $810,000, which makes it the number 175th in VIC on a list ordered by most expensive. Make sure that you get good RINGWOOD mortgage broker to look for the best deal.
RINGWOOD 3134 has seen a high level of growth in it’s population over the last five years.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-256 less than the median monthly home loan repayment in RINGWOOD, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RINGWOOD, 3134 should have seen some difference. While the latest census median annual household figure income is now $58,916, it was $48,718 back in 2006, which is a net increase of $10,197 Subtract from that the median mortgage repayment increase of $6,156 and a mortgage broker’s clients could be up to $4,041 better off each year even without factoring in mortgage rate cuts.