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 HOMEBUSH WEST is number 298th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service HOMEBUSH WEST, 2140.
HOMEBUSH WEST, 2140 is number 1107th in a list of the country’s fastest growing suburbs, and number 359th in State. It has had an average population growth of 321.60 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in HOMEBUSH WEST, 2140 rank at number 1421th in State or 5116th 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 HOMEBUSH WEST, 2140 should have seen some difference. While the latest census median annual household figure income is now $68,536, it was $45,884 back in 2006, which is a net increase of $22,651 Subtract from that the median mortgage repayment increase of $3,204 and a mortgage broker’s clients could be up to $19,447 better off each year even without factoring in mortgage rate cuts.