If you were to buy a house locally at the current median price of $3,300,000 and had 10% deposit, then you would need a mortgage for $2,970,000. This is a very large mortgage compared to state.
MOSMAN 2088 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $3,033 which is $433 more every month. As a percentage rise, this makes MOSMAN, 2088 the number 77th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $549 which is a theoretical $22,516 available for a MOSMAN mortgage broker to find a home loan.