Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in FORSTER, 2428 is already $456,500, which makes it the number 1036th in NSW on a list ordered by most expensive. Make sure that you get good FORSTER mortgage broker to look for the best deal.
FORSTER 2428 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,500 which is $200 more every month. As a percentage rise, this makes FORSTER, 2428 the number 3916th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in FORSTER, 2428 should have seen some difference. While the latest census median annual household figure income is now $37,908, it was $32,687 back in 2006, which is a net increase of $5,220 Subtract from that the median mortgage repayment increase of $2,400 and a mortgage broker’s clients could be up to $2,820 better off each year even without factoring in mortgage rate cuts.