KEMPSEY is one of the least expensive suburbs in NSW. Median home prices are $172,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $154,800 home loan.
KEMPSEY 2440 has seen a decline in it’s population over the last five years.
KEMPSEY, 2440 has seen a low 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 $780 to $1,159.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KEMPSEY, 2440 should have seen some difference. While the latest census median annual household figure income is now $30,212, it was $26,109 back in 2006, which is a net increase of $4,102 Subtract from that the median mortgage repayment increase of $4,548 and a mortgage broker’s clients could be up to $-445 better off each year even without factoring in mortgage rate cuts.