If you’re looking to buy in KOTARA then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have not risen much to $535,750 over the last year.
Between 2005 and 2011 the population of KOTARA, 2289 grew an average of -6.00 people each year. This figure of 763.20% per annum means KOTARA is one of the more rapidly growing suburbs in NSW.
Mortgage payments in KOTARA , 2289 have increased by $563 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KOTARA, 2289 should have seen some difference. While the latest census median annual household figure income is now $67,444, it was $53,253 back in 2006, which is a net increase of $14,190 Subtract from that the median mortgage repayment increase of $6,756 and a mortgage broker’s clients could be up to $7,434 better off each year even without factoring in mortgage rate cuts.