Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then CHESTER HILL is number 877th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service CHESTER HILL, 2162.
Between 2005 and 2011 the population of CHESTER HILL, 2162 grew an average of 247.60 people each year. This figure of 2330.40% per annum means CHESTER HILL is one of the fastest growing suburbs in NSW.
CHESTER HILL 2162 homeowners are paying around 33.33% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as 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 CHESTER HILL, 2162 should have seen some difference. While the latest census median annual household figure income is now $48,620, it was $40,705 back in 2006, which is a net increase of $7,914 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $1,914 better off each year even without factoring in mortgage rate cuts.