Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in EAST MAITLAND, 2323 is already $391,000, which makes it the number 1202th in NSW on a list ordered by most expensive. Make sure that you get good EAST MAITLAND mortgage broker to look for the best deal.
EAST MAITLAND, 2323 is number 394th in a list of the country’s fastest growing suburbs, and number 119th in State. It has had an average population growth of -58.80 over the period between the last two national censuses.
EAST MAITLAND, 2323 has seen a large 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 $1,300 to $1,733.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in EAST MAITLAND, 2323 should have seen some difference. While the latest census median annual household figure income is now $53,872, it was $44,215 back in 2006, which is a net increase of $9,656 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $4,460 better off each year even without factoring in mortgage rate cuts.