If you were to buy a house locally at the current median price of $625,000 and had 10% deposit, then you would need a mortgage for $562,500. This is an average sized mortgage compared to state.
Australia’s total population growth over the last five years has been 4031.00 This means that BARGO, 2574’s growth of 178 people is considerably above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,100 which is $400 more every month. As a percentage rise, this makes BARGO, 2574 the number 1257th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $195 which is a theoretical $20,800 available for a BARGO mortgage broker to find a home loan.