If you were to buy a house locally at the current median price of $718,500 and had 10% deposit, then you would need a mortgage for $646,650. This is quite a large mortgage compared to state.
GERRINGONG, 2534 is number 1859th in a list of the country’s fastest growing suburbs, and number 583th in State. It has had an average population growth of 12.40 over the period between the last two national censuses.
GERRINGONG, 2534 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,400 to $1,950.
The local median household income has increased by $124 which is a theoretical $28,600 available for a GERRINGONG mortgage broker to find a home loan.