Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in HORNINGSEA PARK, 2171 is already $697,500, which makes it the number 591th in NSW on a list ordered by most expensive. Make sure that you get good HORNINGSEA PARK mortgage broker to look for the best deal.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 3568.00% population change in HORNINGSEA PARK 2171 is above average.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-717 less than the median monthly home loan repayment in HORNINGSEA PARK, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HORNINGSEA PARK, 2171 should have seen some difference. While the latest census median annual household figure income is now $93,184, it was $75,722 back in 2006, which is a net increase of $17,461 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $11,461 better off each year even without factoring in mortgage rate cuts.