If you were to buy a house locally at the current median price of $457,500 and had 10% deposit, then you would need a mortgage for $411,750. This is a very large mortgage compared to state.
LENAH VALLEY, 7008 is number 1090th in a list of the country’s fastest growing suburbs, and number 13th in State. It has had an average population growth of 52.80 over the period between the last two national censuses.
Mortgage payments in LENAH VALLEY , 7008 have increased by $587 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 LENAH VALLEY, 7008 should have seen some difference. While the latest census median annual household figure income is now $65,780, it was $55,198 back in 2006, which is a net increase of $10,582 Subtract from that the median mortgage repayment increase of $7,044 and a mortgage broker’s clients could be up to $3,538 better off each year even without factoring in mortgage rate cuts.