If you’re looking to buy in YOUNG then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have fallen considerably to $270,000 over the last year.
Across the whole country YOUNG,2594 is number 480th fastest growing suburb by population growth, and 153th in State. Its population grew by 372 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,300 which is $325 more every month. As a percentage rise, this makes YOUNG, 2594 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 YOUNG, 2594 should have seen some difference. While the latest census median annual household figure income is now $42,276, it was $36,426 back in 2006, which is a net increase of $5,850 Subtract from that the median mortgage repayment increase of $3,900 and a mortgage broker’s clients could be up to $1,950 better off each year even without factoring in mortgage rate cuts.