BARGO is one of the averagely priced suburbs in NSW. Median home prices are $625,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $562,500 home loan.
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.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in BARGO, 2574 rank at number 932th in State or 3865th nationally when listed in order of median monthly mortgage payment.
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.