If you were to buy a house locally at the current median price of $1,390,000 and had 10% deposit, then you would need a mortgage for $1,251,000. This is a very large mortgage compared to state.
DULWICH HILL 2203 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,200 which is $400 more every month. As a percentage rise, this makes DULWICH HILL, 2203 the number 767th 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 DULWICH HILL, 2203 should have seen some difference. While the latest census median annual household figure income is now $80,080, it was $58,292 back in 2006, which is a net increase of $21,788 Subtract from that the median mortgage repayment increase of $4,800 and a mortgage broker’s clients could be up to $16,988 better off each year even without factoring in mortgage rate cuts.