Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in WARRANDYTE, 3113 is already $1,032,500, which makes it the number 133th in VIC on a list ordered by most expensive. Make sure that you get good WARRANDYTE mortgage broker to look for the best deal.
WARRANDYTE, 3113 is number 1179th in a list of the country’s fastest growing suburbs, and number 302th in State. It has had an average population growth of 62.60 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in WARRANDYTE, 3113 rank at number 688th in State or 4340th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WARRANDYTE, 3113 should have seen some difference. While the latest census median annual household figure income is now $105,352, it was $84,463 back in 2006, which is a net increase of $20,888 Subtract from that the median mortgage repayment increase of $4,200 and a mortgage broker’s clients could be up to $16,688 better off each year even without factoring in mortgage rate cuts.