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 BOOMERANG BEACH , 2428 is $505,000 this month which means that a mortgage for 80% of that value would be $404,000.
Australia’s total population growth over the last five years has been 334.00 This means that BOOMERANG BEACH, 2428’s growth of 150 people is some way below the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,517 which is $332 more every month. As a percentage rise, this makes BOOMERANG BEACH, 2428 the number 3635th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
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.