Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in HEATHCOTE, 2233 is already $890,000, which makes it the number 436th in NSW on a list ordered by most expensive. Make sure that you get good HEATHCOTE mortgage broker to look for the best deal.
Between 2005 and 2011 the population of HEATHCOTE, 2233 grew an average of 24.60 people each year. This figure of 1175.40% per annum means HEATHCOTE is one of the fastest growing suburbs in NSW.
HEATHCOTE 2233 homeowners are paying around 31.38% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less 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 HEATHCOTE, 2233 should have seen some difference. While the latest census median annual household figure income is now $83,096, it was $70,959 back in 2006, which is a net increase of $12,136 Subtract from that the median mortgage repayment increase of $6,756 and a mortgage broker’s clients could be up to $5,380 better off each year even without factoring in mortgage rate cuts.