If you were to buy a house locally at the current median price of $820,000 and had 10% deposit, then you would need a mortgage for $738,000. This is quite a large mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, GREYSTANES, 2145 figure of 1562 represents a 21602.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $434 more every month. As a percentage rise, this makes GREYSTANES, 2145 the number 846th 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 GREYSTANES, 2145 should have seen some difference. While the latest census median annual household figure income is now $71,708, it was $60,741 back in 2006, which is a net increase of $10,966 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $5,758 better off each year even without factoring in mortgage rate cuts.