FRENCHS FOREST is one of the most expensive suburbs in NSW. Median home prices are $1,560,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,404,000 home loan.
FRENCHS FOREST 2086 has seen a high level of growth in it’s population over the last five years.
With a median housing loan repayment of $2,905 a month, FRENCHS FOREST , 2086 mortgage brokers are seeing mortgage holders paying $705 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 FRENCHS FOREST, 2086 should have seen some difference. While the latest census median annual household figure income is now $111,020, it was $90,116 back in 2006, which is a net increase of $20,904 Subtract from that the median mortgage repayment increase of $8,460 and a mortgage broker’s clients could be up to $12,444 better off each year even without factoring in mortgage rate cuts.