Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in AVOCA BEACH, 2251 is already $790,000, which makes it the number 508th in NSW on a list ordered by most expensive. Make sure that you get good AVOCA BEACH mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 4217.00 This means that AVOCA BEACH, 2251’s growth of 121 people is considerably above the mean for the country as a whole.
With a median housing loan repayment of $2,167 a month, AVOCA BEACH , 2251 mortgage brokers are seeing mortgage holders paying $447 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in AVOCA BEACH, 2251 should have seen some difference. While the latest census median annual household figure income is now $75,816, it was $59,623 back in 2006, which is a net increase of $16,192 Subtract from that the median mortgage repayment increase of $5,370 and a mortgage broker’s clients could be up to $10,822 better off each year even without factoring in mortgage rate cuts.