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 CABRAMATTA , 2166 is $788,000 this month which means that a mortgage for 80% of that value would be $630,400.
CABRAMATTA, 2166 is number 87th in a list of the country’s fastest growing suburbs, and number 28th in State. It has had an average population growth of 193.80 over the period between the last two national censuses.
CABRAMATTA 2166 homeowners are paying around 18.18% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much less than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CABRAMATTA, 2166 should have seen some difference. While the latest census median annual household figure income is now $40,560, it was $32,822 back in 2006, which is a net increase of $7,737 Subtract from that the median mortgage repayment increase of $2,400 and a mortgage broker’s clients could be up to $5,337 better off each year even without factoring in mortgage rate cuts.