BALGOWLAH is one of the most expensive suburbs in NSW. Median home prices are $1,900,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,710,000 home loan.
BALGOWLAH, 2093 is number 780th in a list of the country’s fastest growing suburbs, and number 244th in State. It has had an average population growth of 216.40 over the period between the last two national censuses.
With a median housing loan repayment of $2,836 a month, BALGOWLAH , 2093 mortgage brokers are seeing mortgage holders paying $550 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 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.