YARRA GLEN is one of the averagely priced suburbs in VIC. Median home prices are $580,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $522,000 home loan.
Between 2005 and 2011 the population of YARRA GLEN, 3775 grew an average of 2.40 people each year. This figure of 502.20% per annum means YARRA GLEN is one of the more rapidly growing suburbs in VIC.
In VIC the median mortgage repayment has increased from $1,111 to $1,477 which is $-223 less than the median monthly home loan repayment in YARRA GLEN, VIC.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in YARRA GLEN, 3775 should have seen some difference. While the latest census median annual household figure income is now $67,288, it was $58,146 back in 2006, which is a net increase of $9,141 Subtract from that the median mortgage repayment increase of $4,104 and a mortgage broker’s clients could be up to $5,037 better off each year even without factoring in mortgage rate cuts.