Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in CAMDEN, 2570 is already $630,050, which makes it the number 705th in NSW on a list ordered by most expensive. Make sure that you get good CAMDEN mortgage broker to look for the best deal.
CAMDEN, 2570 is number 1954th in a list of the country’s fastest growing suburbs, and number 615th in State. It has had an average population growth of 15.40 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,032 which is $299 more every month. As a percentage rise, this makes CAMDEN, 2570 the number 1414th 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 CAMDEN, 2570 should have seen some difference. While the latest census median annual household figure income is now $61,776, it was $49,732 back in 2006, which is a net increase of $12,043 Subtract from that the median mortgage repayment increase of $3,588 and a mortgage broker’s clients could be up to $8,455 better off each year even without factoring in mortgage rate cuts.