If you were to buy a house locally at the current median price of $1,995,000 and had 10% deposit, then you would need a mortgage for $1,795,500. This is a very large mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, LANE COVE, 2066 figure of 393 represents a 9373.00% change.
LANE COVE, 2066 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $2,157 to $2,600.
On a national list of suburbs ranked by median mortgage repayments, LANE COVE would be 253th.