DRUMMOYNE is one of the most expensive suburbs in NSW. Median home prices are $1,977,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,779,750 home loan.
DRUMMOYNE, 2047 is number 364th in a list of the country’s fastest growing suburbs, and number 111th in State. It has had an average population growth of 198.20 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,760 which is $377 more every month. As a percentage rise, this makes DRUMMOYNE, 2047 the number 210th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $422 which is a theoretical $19,604 available for a DRUMMOYNE mortgage broker to find a home loan.