There are a number of WEST MELBOURNE, 3003 mortgage brokers that can help you find the right home loan. With median house prices at $1,175,000 for this VIC suburb, it's important that you have someone shop around and get you the best mortgage deal.
Australia’s total population growth over the last five years has been 3643.00 This means that WEST MELBOURNE, 3003’s growth of 705 people is considerably above the mean for the country as a whole.
WEST MELBOURNE 3003 homeowners are paying around 36.84% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of VIC which is 35.71%.
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.