House prices in MARSFIELD have seen a high level of growth over the last year, which means it's more important than ever to get a good NSW mortgage broker to help you choose the right home loan product.
MARSFIELD, 2122 is number 313th in a list of the country’s fastest growing suburbs, and number 94th in State. It has had an average population growth of 90.40 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,300 which is $369 more every month. As a percentage rise, this makes MARSFIELD, 2122 the number 639th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MARSFIELD, 2122 should have seen some difference. While the latest census median annual household figure income is now $73,476, it was $61,146 back in 2006, which is a net increase of $12,329 Subtract from that the median mortgage repayment increase of $4,434 and a mortgage broker’s clients could be up to $7,895 better off each year even without factoring in mortgage rate cuts.