KOGARAH is one of the more expensive suburbs in NSW. Median home prices are $1,170,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,053,000 home loan.
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.
With a median housing loan repayment of $2,032 a month, KOGARAH , 2217 mortgage brokers are seeing mortgage holders paying $299 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 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.