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 COFFS HARBOUR , 2450 is $436,750 this month which means that a mortgage for 80% of that value would be $349,400.
With a net change of 1846 people, COFFS HARBOUR 2450 has grown considerably when compared to other suburbs in NSW.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,560 which is $368 more every month. As a percentage rise, this makes COFFS HARBOUR, 2450 the number 3523th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in COFFS HARBOUR, 2450 should have seen some difference. While the latest census median annual household figure income is now $44,044, it was $33,680 back in 2006, which is a net increase of $10,363 Subtract from that the median mortgage repayment increase of $4,416 and a mortgage broker’s clients could be up to $5,947 better off each year even without factoring in mortgage rate cuts.