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 HORNINGSEA PARK is number 1126th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service HORNINGSEA PARK, 2171.
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.