If you’re looking to buy in BERALA then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased considerably to $895,000 over the last year.
Between 2005 and 2011 the population of BERALA, 2141 grew an average of 182.00 people each year. This figure of 1739.60% per annum means BERALA is one of the fastest growing suburbs in NSW.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $28 more than the median monthly home loan repayment in BERALA, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BERALA, 2141 should have seen some difference. While the latest census median annual household figure income is now $52,624, it was $44,766 back in 2006, which is a net increase of $7,857 Subtract from that the median mortgage repayment increase of $3,060 and a mortgage broker’s clients could be up to $4,797 better off each year even without factoring in mortgage rate cuts.