Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in WARRNAMBOOL, 3280 is already $320,250, which makes it the number 559th in VIC on a list ordered by most expensive. Make sure that you get good WARRNAMBOOL mortgage broker to look for the best deal.
Between 2005 and 2011 the population of WARRNAMBOOL, 3280 grew an average of 174.40 people each year. This figure of 5662.40% per annum means WARRNAMBOOL is one of the fastest growing suburbs in VIC.
WARRNAMBOOL, 3280 has seen a low increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,083 to $1,478.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WARRNAMBOOL, 3280 should have seen some difference. While the latest census median annual household figure income is now $51,272, it was $43,862 back in 2006, which is a net increase of $7,410 Subtract from that the median mortgage repayment increase of $4,740 and a mortgage broker’s clients could be up to $2,670 better off each year even without factoring in mortgage rate cuts.