House prices in TORQUAY 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 10041.00% population change in TORQUAY 3228 is well above average.
Mortgage brokers in TORQUAY, 3228 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,343 to $2,167.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in TORQUAY, 3228 should have seen some difference. While the latest census median annual household figure income is now $74,360, it was $56,622 back in 2006, which is a net increase of $17,737 Subtract from that the median mortgage repayment increase of $9,888 and a mortgage broker’s clients could be up to $7,849 better off each year even without factoring in mortgage rate cuts.