Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then MORISSET is number 2431th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service MORISSET, 2264.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 2756.00% population change in MORISSET 2264 is above average.
MORISSET 2264 homeowners are paying around 37.25% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MORISSET, 2264 should have seen some difference. While the latest census median annual household figure income is now $32,292, it was $29,728 back in 2006, which is a net increase of $2,563 Subtract from that the median mortgage repayment increase of $5,364 and a mortgage broker’s clients could be up to $-2,800 better off each year even without factoring in mortgage rate cuts.