Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then BEGA is number 3624th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BEGA, 2550.
With a net change of 220 people, BEGA 2550 has grown when compared to other suburbs in NSW.
BEGA 2550 homeowners are paying around 40.54% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BEGA, 2550 should have seen some difference. While the latest census median annual household figure income is now $43,576, it was $33,009 back in 2006, which is a net increase of $10,566 Subtract from that the median mortgage repayment increase of $4,500 and a mortgage broker’s clients could be up to $6,066 better off each year even without factoring in mortgage rate cuts.