CHARMHAVEN is one of the less expensive suburbs in NSW. Median home prices are $425,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $382,500 home loan.
Across the whole country CHARMHAVEN,2263 is number 2496th fastest growing suburb by population growth, and 779th in State. Its population grew by 114 people over the last five years.
CHARMHAVEN, 2263 has seen a average 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 $1,668.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CHARMHAVEN, 2263 should have seen some difference. While the latest census median annual household figure income is now $50,544, it was $40,014 back in 2006, which is a net increase of $10,530 Subtract from that the median mortgage repayment increase of $4,416 and a mortgage broker’s clients could be up to $6,114 better off each year even without factoring in mortgage rate cuts.