If you’re looking to buy in BOOMERANG BEACH then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have not risen much to $487,500 over the last year.
Between 2005 and 2011 the population of BOOMERANG BEACH, 2428 grew an average of 30.00 people each year. This figure of 66.80% per annum means BOOMERANG BEACH is one of the below average growth suburbs in NSW.
BOOMERANG BEACH 2428 homeowners are paying around 28.02% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than 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 BOOMERANG BEACH, 2428 should have seen some difference. While the latest census median annual household figure income is now $46,488, it was $44,704 back in 2006, which is a net increase of $1,783 Subtract from that the median mortgage repayment increase of $3,984 and a mortgage broker’s clients could be up to $-2,200 better off each year even without factoring in mortgage rate cuts.