If you were to buy a house locally at the current median price of $750,000 and had 10% deposit, then you would need a mortgage for $675,000. This is quite a large mortgage compared to state.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 23994.00% population change in LIVERPOOL 2170 is well above average.
LIVERPOOL, 2170 has seen a average 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 $1,400 to $1,600.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LIVERPOOL, 2170 should have seen some difference. While the latest census median annual household figure income is now $47,944, it was $39,499 back in 2006, which is a net increase of $8,444 Subtract from that the median mortgage repayment increase of $2,400 and a mortgage broker’s clients could be up to $6,044 better off each year even without factoring in mortgage rate cuts.