ABBOTSFORD is one of the most expensive suburbs in NSW. Median home prices are $1,905,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,714,500 home loan.
Between 2005 and 2011 the population of ABBOTSFORD, 2046 grew an average of 33.40 people each year. This figure of 1002.40% per annum means ABBOTSFORD is one of the more rapidly growing suburbs in NSW.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in ABBOTSFORD, 2046 rank at number 120th in State or 564th 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 ABBOTSFORD, 2046 should have seen some difference. While the latest census median annual household figure income is now $89,804, it was $76,528 back in 2006, which is a net increase of $13,275 Subtract from that the median mortgage repayment increase of $9,996 and a mortgage broker’s clients could be up to $3,279 better off each year even without factoring in mortgage rate cuts.