ENGADINE is one of the more expensive suburbs in NSW. Median home prices are $889,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $800,100 home loan.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 16767.00% population change in ENGADINE 2233 is well above average.
ENGADINE, 2233 has seen a substantial 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 $1,900 to $2,427.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ENGADINE, 2233 should have seen some difference. While the latest census median annual household figure income is now $86,632, it was $73,949 back in 2006, which is a net increase of $12,682 Subtract from that the median mortgage repayment increase of $6,324 and a mortgage broker’s clients could be up to $6,358 better off each year even without factoring in mortgage rate cuts.