No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in BEECROFT , 2119 is $1,659,500 this month which means that a mortgage for 80% of that value would be $1,327,600.
Between 2005 and 2011 the population of BEECROFT, 2119 grew an average of 44.40 people each year. This figure of 1747.20% per annum means BEECROFT is one of the fastest growing suburbs in NSW.
BEECROFT, 2119 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $2,167 to $2,650.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BEECROFT, 2119 should have seen some difference. While the latest census median annual household figure income is now $131,196, it was $105,352 back in 2006, which is a net increase of $25,844 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $20,048 better off each year even without factoring in mortgage rate cuts.