If you were to buy a house locally at the current median price of $1,175,000 and had 10% deposit, then you would need a mortgage for $1,057,500. This is quite a large mortgage compared to state.
Between 2005 and 2011 the population of BYRON BAY, 2481 grew an average of -130.00 people each year. This figure of 971.60% per annum means BYRON BAY is one of the more rapidly growing suburbs in NSW.
With a median housing loan repayment of $1,733 a month, BYRON BAY , 2481 mortgage brokers are seeing mortgage holders paying $433 more than 2006.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, BYRON BAY NSW would be 495th with 45.92.