Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in YARRAVILLE, 3013 is already $1,033,000, which makes it the number 124th in VIC on a list ordered by most expensive. Make sure that you get good YARRAVILLE mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 13647.00 This means that YARRAVILLE, 3013’s growth of 1021 people is well above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in YARRAVILLE, 3013 rank at number 139th in State or 1748th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in YARRAVILLE, 3013 should have seen some difference. While the latest census median annual household figure income is now $82,316, it was $58,344 back in 2006, which is a net increase of $23,972 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $16,772 better off each year even without factoring in mortgage rate cuts.