Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then KINGSWOOD is number 1497th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service KINGSWOOD, 2747.
Between 2005 and 2011 the population of KINGSWOOD, 2747 grew an average of 184.80 people each year. This figure of 1801.40% per annum means KINGSWOOD is one of the fastest growing suburbs in NSW.
With a median housing loan repayment of $1,733 a month, KINGSWOOD , 2747 mortgage brokers are seeing mortgage holders paying $333 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 KINGSWOOD, 2747 should have seen some difference. While the latest census median annual household figure income is now $54,028, it was $46,009 back in 2006, which is a net increase of $8,018 Subtract from that the median mortgage repayment increase of $3,996 and a mortgage broker’s clients could be up to $4,022 better off each year even without factoring in mortgage rate cuts.