If you were to buy a house locally at the current median price of $1,922,500 and had 10% deposit, then you would need a mortgage for $1,730,250. This is a very large mortgage compared to state.
CONCORD 2137 has seen a high level of growth in it’s population over the last five years.
CONCORD, 2137 has seen a substantial 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 $2,000 to $2,500.
The local median household income has increased by $382 which is a theoretical $26,000 available for a CONCORD mortgage broker to find a home loan.