DURAL is one of the most expensive suburbs in NSW. Median home prices are $1,380,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,242,000 home loan.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, DURAL, 2158 figure of 303 represents a 7257.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,600 which is $433 more every month. As a percentage rise, this makes DURAL, 2158 the number 243th 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 DURAL, 2158 should have seen some difference. While the latest census median annual household figure income is now $103,896, it was $85,103 back in 2006, which is a net increase of $18,792 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $13,596 better off each year even without factoring in mortgage rate cuts.