No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in FORRESTERS BEACH , 2260 is $770,000 this month which means that a mortgage for 80% of that value would be $616,000.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with above the state figure, FORRESTERS BEACH, 2260 figure of 206 represents a 2396.00% change.
Mortgage brokers in FORRESTERS BEACH, 2260 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,517 to $2,080.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in FORRESTERS BEACH, 2260 should have seen some difference. While the latest census median annual household figure income is now $76,492, it was $62,535 back in 2006, which is a net increase of $13,956 Subtract from that the median mortgage repayment increase of $6,756 and a mortgage broker’s clients could be up to $7,200 better off each year even without factoring in mortgage rate cuts.