If you were to buy a house locally at the current median price of $1,460,000 and had 10% deposit, then you would need a mortgage for $1,314,000. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 2596.00 This means that ENFIELD, 2136’s growth of 128 people is considerably above the mean for the country as a whole.
With a median housing loan repayment of $2,300 a month, ENFIELD , 2136 mortgage brokers are seeing mortgage holders paying $494 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ENFIELD, 2136 should have seen some difference. While the latest census median annual household figure income is now $67,184, it was $55,603 back in 2006, which is a net increase of $11,580 Subtract from that the median mortgage repayment increase of $5,928 and a mortgage broker’s clients could be up to $5,652 better off each year even without factoring in mortgage rate cuts.