Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in KATOOMBA, 2780 is already $503,000, which makes it the number 981th in NSW on a list ordered by most expensive. Make sure that you get good KATOOMBA mortgage broker to look for the best deal.
KATOOMBA, 2780 is number 703th in a list of the country’s fastest growing suburbs, and number 217th in State. It has had an average population growth of 78.40 over the period between the last two national censuses.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $262 more than the median monthly home loan repayment in KATOOMBA, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KATOOMBA, 2780 should have seen some difference. While the latest census median annual household figure income is now $41,912, it was $34,694 back in 2006, which is a net increase of $7,217 Subtract from that the median mortgage repayment increase of $3,696 and a mortgage broker’s clients could be up to $3,521 better off each year even without factoring in mortgage rate cuts.