If you were to buy a house locally at the current median price of $446,000 and had 10% deposit, then you would need a mortgage for $401,400. This is small than average mortgage compared to state.
ABERGLASSLYN, 2320 is number 2164th in a list of the country’s fastest growing suburbs, and number 682th in State. It has had an average population growth of -2.60 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,015 which is $413 more every month. As a percentage rise, this makes ABERGLASSLYN, 2320 the number 1435th 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 ABERGLASSLYN, 2320 should have seen some difference. While the latest census median annual household figure income is now $101,244, it was $72,586 back in 2006, which is a net increase of $28,657 Subtract from that the median mortgage repayment increase of $4,962 and a mortgage broker’s clients could be up to $23,695 better off each year even without factoring in mortgage rate cuts.