No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in KOGARAH , 2217 is $1,292,500 this month which means that a mortgage for 80% of that value would be $1,034,000.
Across the whole country KOGARAH,2217 is number 295th fastest growing suburb by population growth, and 86th in State. Its population grew by 1048 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,032 which is $299 more every month. As a percentage rise, this makes KOGARAH, 2217 the number 1414th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KOGARAH, 2217 should have seen some difference. While the latest census median annual household figure income is now $64,376, it was $53,310 back in 2006, which is a net increase of $11,065 Subtract from that the median mortgage repayment increase of $3,588 and a mortgage broker’s clients could be up to $7,477 better off each year even without factoring in mortgage rate cuts.