JANNALI is one of the more expensive suburbs in NSW. Median home prices are $950,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $855,000 home loan.
With a net change of 399 people, JANNALI 2226 has grown considerably when compared to other suburbs in NSW.
JANNALI, 2226 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,950 to $2,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in JANNALI, 2226 should have seen some difference. While the latest census median annual household figure income is now $80,600, it was $60,283 back in 2006, which is a net increase of $20,316 Subtract from that the median mortgage repayment increase of $6,600 and a mortgage broker’s clients could be up to $13,716 better off each year even without factoring in mortgage rate cuts.