No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in MENAI , 2234 is $990,000 this month which means that a mortgage for 80% of that value would be $792,000.
Between 2005 and 2011 the population of MENAI, 2234 grew an average of -50.40 people each year. This figure of 2085.80% per annum means MENAI is one of the fastest growing suburbs in NSW.
Mortgage brokers in MENAI, 2234 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,900 to $2,350.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MENAI, 2234 should have seen some difference. While the latest census median annual household figure income is now $102,284, it was $86,288 back in 2006, which is a net increase of $15,995 Subtract from that the median mortgage repayment increase of $5,400 and a mortgage broker’s clients could be up to $10,595 better off each year even without factoring in mortgage rate cuts.