Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in GRAFTON, 2460 is already $289,000, which makes it the number 1352th in NSW on a list ordered by most expensive. Make sure that you get good GRAFTON mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 10105.00 This means that GRAFTON, 2460’s growth of 249 people is well above the mean for the country as a whole.
GRAFTON 2460 homeowners are paying around 43.43% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GRAFTON, 2460 should have seen some difference. While the latest census median annual household figure income is now $42,432, it was $35,126 back in 2006, which is a net increase of $7,306 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $2,110 better off each year even without factoring in mortgage rate cuts.