Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then HINCHINBROOK is number 1211th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service HINCHINBROOK, 2168.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 10528.00% population change in HINCHINBROOK 2168 is well above average.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-221 less than the median monthly home loan repayment in HINCHINBROOK, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HINCHINBROOK, 2168 should have seen some difference. While the latest census median annual household figure income is now $79,248, it was $63,850 back in 2006, which is a net increase of $15,397 Subtract from that the median mortgage repayment increase of $3,252 and a mortgage broker’s clients could be up to $12,145 better off each year even without factoring in mortgage rate cuts.