If you were to buy a house locally at the current median price of $445,000 and had 10% deposit, then you would need a mortgage for $400,500. This is an average sized mortgage compared to state.
Australia’s total population growth over the last five years has been 11680.00 This means that HIGH WYCOMBE, 6057’s growth of 1332 people is well above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in HIGH WYCOMBE, 6057 rank at number 205th in State or 847th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HIGH WYCOMBE, 6057 should have seen some difference. While the latest census median annual household figure income is now $76,960, it was $58,312 back in 2006, which is a net increase of $18,647 Subtract from that the median mortgage repayment increase of $9,024 and a mortgage broker’s clients could be up to $9,623 better off each year even without factoring in mortgage rate cuts.