Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in HURSTVILLE, 2220 is already $1,407,500, which makes it the number 206th in NSW on a list ordered by most expensive. Make sure that you get good HURSTVILLE mortgage broker to look for the best deal.
HURSTVILLE 2220 has seen a high level of growth in it’s population over the last five years.
HURSTVILLE 2220 homeowners are paying around 15.41% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much less than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HURSTVILLE, 2220 should have seen some difference. While the latest census median annual household figure income is now $59,124, it was $50,346 back in 2006, which is a net increase of $8,777 Subtract from that the median mortgage repayment increase of $3,204 and a mortgage broker’s clients could be up to $5,573 better off each year even without factoring in mortgage rate cuts.