If you were to buy a house locally at the current median price of $621,000 and had 10% deposit, then you would need a mortgage for $558,900. This is an average sized mortgage compared to state.
Across the whole country BARGO,2574 is number 1588th fastest growing suburb by population growth, and 505th in State. Its population grew by 178 people over the last five years.
With a median housing loan repayment of $2,100 a month, BARGO , 2574 mortgage brokers are seeing mortgage holders paying $400 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 BARGO, 2574 should have seen some difference. While the latest census median annual household figure income is now $65,884, it was $55,728 back in 2006, which is a net increase of $10,155 Subtract from that the median mortgage repayment increase of $4,800 and a mortgage broker’s clients could be up to $5,355 better off each year even without factoring in mortgage rate cuts.