MOOREBANK is one of the more expensive suburbs in NSW. Median home prices are $830,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $747,450 home loan.
Australia’s total population growth over the last five years has been 7496.00 This means that MOOREBANK, 2170’s growth of -5 people is well above the mean for the country as a whole.
With a median housing loan repayment of $2,300 a month, MOOREBANK , 2170 mortgage brokers are seeing mortgage holders paying $567 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 MOOREBANK, 2170 should have seen some difference. While the latest census median annual household figure income is now $74,568, it was $60,642 back in 2006, which is a net increase of $13,925 Subtract from that the median mortgage repayment increase of $6,804 and a mortgage broker’s clients could be up to $7,121 better off each year even without factoring in mortgage rate cuts.