If you’re looking to buy in EARLWOOD then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased considerably to $1,262,000 over the last year.
Australia’s total population growth over the last five years has been 16652.00 This means that EARLWOOD, 2206’s growth of 188 people is well above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,500 which is $500 more every month. As a percentage rise, this makes EARLWOOD, 2206 the number 363th 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 EARLWOOD, 2206 should have seen some difference. While the latest census median annual household figure income is now $72,332, it was $58,286 back in 2006, which is a net increase of $14,045 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $8,045 better off each year even without factoring in mortgage rate cuts.