BUNDEENA is one of the more expensive suburbs in NSW. Median home prices are $930,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $837,000 home loan.
BUNDEENA 2230 has seen a decline in it’s population over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in BUNDEENA, 2230 rank at number 1282th in State or 4756th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BUNDEENA, 2230 should have seen some difference. While the latest census median annual household figure income is now $69,316, it was $58,260 back in 2006, which is a net increase of $11,055 Subtract from that the median mortgage repayment increase of $3,720 and a mortgage broker’s clients could be up to $7,335 better off each year even without factoring in mortgage rate cuts.