Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then SOUTH MORANG is number 2134th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service SOUTH MORANG, 3752.
SOUTH MORANG, 3752 is number 85th in a list of the country’s fastest growing suburbs, and number 45th in State. It has had an average population growth of 1710.00 over the period between the last two national censuses.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-523 less than the median monthly home loan repayment in SOUTH MORANG, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SOUTH MORANG, 3752 should have seen some difference. While the latest census median annual household figure income is now $81,952, it was $64,178 back in 2006, which is a net increase of $17,773 Subtract from that the median mortgage repayment increase of $5,640 and a mortgage broker’s clients could be up to $12,133 better off each year even without factoring in mortgage rate cuts.