LOFTUS is one of the more expensive suburbs in NSW. Median home prices are $994,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $894,600 home loan.
Across the whole country LOFTUS,2232 is number 1626th fastest growing suburb by population growth, and 517th in State. Its population grew by 36 people over the last five years.
With a median housing loan repayment of $2,492 a month, LOFTUS , 2232 mortgage brokers are seeing mortgage holders paying $595 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 LOFTUS, 2232 should have seen some difference. While the latest census median annual household figure income is now $86,892, it was $72,836 back in 2006, which is a net increase of $14,055 Subtract from that the median mortgage repayment increase of $7,140 and a mortgage broker’s clients could be up to $6,915 better off each year even without factoring in mortgage rate cuts.