CHERRYBROOK is one of the most expensive suburbs in NSW. Median home prices are $1,410,250 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,269,225 home loan.
Australia’s total population growth over the last five years has been 18679.00 This means that CHERRYBROOK, 2126’s growth of 286 people is well above the mean for the country as a whole.
With a median housing loan repayment of $2,600 a month, CHERRYBROOK , 2126 mortgage brokers are seeing mortgage holders paying $600 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CHERRYBROOK, 2126 should have seen some difference. While the latest census median annual household figure income is now $117,884, it was $96,569 back in 2006, which is a net increase of $21,314 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $14,114 better off each year even without factoring in mortgage rate cuts.