No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in COBAR , 2835 is $208,177 this month which means that a mortgage for 80% of that value would be $166,541.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 3716.00% population change in COBAR 2835 is above average.
With a median housing loan repayment of $1,322 a month, COBAR , 2835 mortgage brokers are seeing mortgage holders paying $425 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 COBAR, 2835 should have seen some difference. While the latest census median annual household figure income is now $73,944, it was $59,274 back in 2006, which is a net increase of $14,669 Subtract from that the median mortgage repayment increase of $5,100 and a mortgage broker’s clients could be up to $9,569 better off each year even without factoring in mortgage rate cuts.