MARYLAND is one of the less expensive suburbs in NSW. Median home prices are $461,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $414,900 home loan.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 7686.00% population change in MARYLAND 2287 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,796 which is $479 more every month. As a percentage rise, this makes MARYLAND, 2287 the number 2500th 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 MARYLAND, 2287 should have seen some difference. While the latest census median annual household figure income is now $74,568, it was $58,193 back in 2006, which is a net increase of $16,374 Subtract from that the median mortgage repayment increase of $5,748 and a mortgage broker’s clients could be up to $10,626 better off each year even without factoring in mortgage rate cuts.