There are a number of BALGOWLAH, 2093 mortgage brokers that can help you find the right home loan. With median house prices at $1,838,000 for this NSW suburb, it's important that you have someone shop around and get you the best mortgage deal.
Between 2005 and 2011 the population of BALGOWLAH, 2093 grew an average of 216.40 people each year. This figure of 1478.80% per annum means BALGOWLAH is one of the fastest growing suburbs in NSW.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,836 which is $550 more every month. As a percentage rise, this makes BALGOWLAH, 2093 the number 161th 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 BALGOWLAH, 2093 should have seen some difference. While the latest census median annual household figure income is now $99,424, it was $75,987 back in 2006, which is a net increase of $23,436 Subtract from that the median mortgage repayment increase of $6,600 and a mortgage broker’s clients could be up to $16,836 better off each year even without factoring in mortgage rate cuts.