There are a number of YARRAGON, 3823 mortgage brokers that can help you find the right home loan. With median house prices at $302,500 for this VIC suburb, it's important that you have someone shop around and get you the best mortgage deal.
Between 2005 and 2011 the population of YARRAGON, 3823 grew an average of 79.00 people each year. This figure of 285.00% per annum means YARRAGON is one of the average growth suburbs in VIC.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,300 which is $313 more every month. As a percentage rise, this makes YARRAGON, 3823 the number 4574th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in YARRAGON, 3823 should have seen some difference. While the latest census median annual household figure income is now $54,184, it was $42,208 back in 2006, which is a net increase of $11,975 Subtract from that the median mortgage repayment increase of $3,756 and a mortgage broker’s clients could be up to $8,219 better off each year even without factoring in mortgage rate cuts.