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 BYRON BAY , 2481 is $1,133,950 this month which means that a mortgage for 80% of that value would be $907,160.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 4858.00% population change in BYRON BAY 2481 is above average.
BYRON BAY, 2481 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,300 to $1,733.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BYRON BAY, 2481 should have seen some difference. While the latest census median annual household figure income is now $45,292, it was $37,112 back in 2006, which is a net increase of $8,179 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $2,983 better off each year even without factoring in mortgage rate cuts.