If you were to buy a house locally at the current median price of $642,500 and had 10% deposit, then you would need a mortgage for $578,250. This is an average sized mortgage compared to state.
Australia’s total population growth over the last five years has been 4527.00 This means that ETTALONG BEACH, 2257’s growth of 419 people is considerably above the mean for the country as a whole.
Mortgage brokers in ETTALONG BEACH, 2257 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,300 to $1,600.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ETTALONG BEACH, 2257 should have seen some difference. While the latest census median annual household figure income is now $37,492, it was $30,768 back in 2006, which is a net increase of $6,723 Subtract from that the median mortgage repayment increase of $3,600 and a mortgage broker’s clients could be up to $3,123 better off each year even without factoring in mortgage rate cuts.