KINCUMBER is one of the averagely priced suburbs in NSW. Median home prices are $580,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $522,000 home loan.
Across the whole country KINCUMBER,2251 is number 877th fastest growing suburb by population growth, and 279th in State. Its population grew by -306 people over the last five years.
With a median housing loan repayment of $1,950 a month, KINCUMBER , 2251 mortgage brokers are seeing mortgage holders paying $542 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KINCUMBER, 2251 should have seen some difference. While the latest census median annual household figure income is now $48,048, it was $36,197 back in 2006, which is a net increase of $11,850 Subtract from that the median mortgage repayment increase of $6,504 and a mortgage broker’s clients could be up to $5,346 better off each year even without factoring in mortgage rate cuts.