House prices in BOWRAL have seen a high level of growth over the last year, which means it's more important than ever to get a good NSW mortgage broker to help you choose the right home loan product.
Across the whole country BOWRAL,2576 is number 702th fastest growing suburb by population growth, and 216th in State. Its population grew by 1052 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $400 more every month. As a percentage rise, this makes BOWRAL, 2576 the number 1453th 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 BOWRAL, 2576 should have seen some difference. While the latest census median annual household figure income is now $54,652, it was $48,521 back in 2006, which is a net increase of $6,130 Subtract from that the median mortgage repayment increase of $4,800 and a mortgage broker’s clients could be up to $1,330 better off each year even without factoring in mortgage rate cuts.