House prices in WEST MELBOURNE have seen a high level 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.
With a net change of 705 people, WEST MELBOURNE 3003 has grown considerably when compared to other suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-906 less than the median monthly home loan repayment in WEST MELBOURNE, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WEST MELBOURNE, 3003 should have seen some difference. While the latest census median annual household figure income is now $88,400, it was $74,027 back in 2006, which is a net increase of $14,372 Subtract from that the median mortgage repayment increase of $7,698 and a mortgage broker’s clients could be up to $6,674 better off each year even without factoring in mortgage rate cuts.