If you were to buy a house locally at the current median price of $1,270,000 and had 10% deposit, then you would need a mortgage for $1,143,000. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of ALFORDS POINT, 2234 grew an average of -14.80 people each year. This figure of 640.60% per annum means ALFORDS POINT is one of the more rapidly growing suburbs in NSW.
Mortgage payments in ALFORDS POINT , 2234 have increased by $720 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALFORDS POINT, 2234 should have seen some difference. While the latest census median annual household figure income is now $129,792, it was $107,099 back in 2006, which is a net increase of $22,692 Subtract from that the median mortgage repayment increase of $8,640 and a mortgage broker’s clients could be up to $14,052 better off each year even without factoring in mortgage rate cuts.