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 BEVERLEY PARK , 2217 is $1,422,750 this month which means that a mortgage for 80% of that value would be $1,138,200.
Between 2005 and 2011 the population of BEVERLEY PARK, 2217 grew an average of 20.00 people each year. This figure of 400.60% per annum means BEVERLEY PARK is one of the average growth suburbs in NSW.
Mortgage brokers in BEVERLEY PARK, 2217 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,842 to $2,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BEVERLEY PARK, 2217 should have seen some difference. While the latest census median annual household figure income is now $79,144, it was $59,134 back in 2006, which is a net increase of $20,009 Subtract from that the median mortgage repayment increase of $7,896 and a mortgage broker’s clients could be up to $12,113 better off each year even without factoring in mortgage rate cuts.