Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in CARINGBAH, 2229 is already $1,110,000, which makes it the number 320th in NSW on a list ordered by most expensive. Make sure that you get good CARINGBAH mortgage broker to look for the best deal.
Between 2005 and 2011 the population of CARINGBAH, 2229 grew an average of -2065.20 people each year. This figure of 2171.00% per annum means CARINGBAH is one of the fastest growing suburbs in NSW.
Mortgage brokers in CARINGBAH, 2229 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $2,000 to $2,253.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CARINGBAH, 2229 should have seen some difference. While the latest census median annual household figure income is now $68,484, it was $60,996 back in 2006, which is a net increase of $7,488 Subtract from that the median mortgage repayment increase of $3,036 and a mortgage broker’s clients could be up to $4,452 better off each year even without factoring in mortgage rate cuts.