Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in GYMEA, 2227 is already $1,184,000, which makes it the number 285th in NSW on a list ordered by most expensive. Make sure that you get good GYMEA mortgage broker to look for the best deal.
Across the whole country GYMEA,2227 is number 829th fastest growing suburb by population growth, and 261th in State. Its population grew by 373 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,492 which is $542 more every month. As a percentage rise, this makes GYMEA, 2227 the number 460th 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 GYMEA, 2227 should have seen some difference. While the latest census median annual household figure income is now $75,556, it was $59,940 back in 2006, which is a net increase of $15,615 Subtract from that the median mortgage repayment increase of $6,504 and a mortgage broker’s clients could be up to $9,111 better off each year even without factoring in mortgage rate cuts.