If you were to buy a house locally at the current median price of $793,500 and had 10% deposit, then you would need a mortgage for $714,150. This is quite a large mortgage compared to state.
With a net change of -3 people, FARRER 2607 has has shrunk when compared to other suburbs in ACT.
With a median housing loan repayment of $2,200 a month, FARRER , 2607 mortgage brokers are seeing mortgage holders paying $683 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 FARRER, 2607 should have seen some difference. While the latest census median annual household figure income is now $106,444, it was $84,505 back in 2006, which is a net increase of $21,938 Subtract from that the median mortgage repayment increase of $8,196 and a mortgage broker’s clients could be up to $13,742 better off each year even without factoring in mortgage rate cuts.