If you were to buy a house locally at the current median price of $470,000 and had 10% deposit, then you would need a mortgage for $423,000. This is small than average mortgage compared to state.
Australia’s total population growth over the last five years has been 3268.00 This means that LAKE HAVEN, 2263’s growth of -246 people is considerably above the mean for the country as a whole.
With a median housing loan repayment of $1,595 a month, LAKE HAVEN , 2263 mortgage brokers are seeing mortgage holders paying $295 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 LAKE HAVEN, 2263 should have seen some difference. While the latest census median annual household figure income is now $36,296, it was $31,657 back in 2006, which is a net increase of $4,638 Subtract from that the median mortgage repayment increase of $3,540 and a mortgage broker’s clients could be up to $1,098 better off each year even without factoring in mortgage rate cuts.