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 MULLUMBIMBY is number 1536th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service MULLUMBIMBY, 2482.
Across the whole country MULLUMBIMBY,2482 is number 1991th fastest growing suburb by population growth, and 622th in State. Its population grew by 41 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,517 which is $417 more every month. As a percentage rise, this makes MULLUMBIMBY, 2482 the number 3635th 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 MULLUMBIMBY, 2482 should have seen some difference. While the latest census median annual household figure income is now $40,768, it was $32,905 back in 2006, which is a net increase of $7,862 Subtract from that the median mortgage repayment increase of $5,004 and a mortgage broker’s clients could be up to $2,858 better off each year even without factoring in mortgage rate cuts.