House prices in RYE 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.
Between 2005 and 2011 the population of RYE, 3941 grew an average of -35.80 people each year. This figure of 1611.80% per annum means RYE 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 $473 more every month. As a percentage rise, this makes RYE, 3941 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 $199 which is a theoretical $24,596 available for a RYE mortgage broker to find a home loan.