If you were to buy a house locally at the current median price of $285,000 and had 10% deposit, then you would need a mortgage for $256,500. This is relatively small mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, MUSWELLBROOK, 2333 figure of 1082 represents a 11690.00% change.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $50 more than the median monthly home loan repayment in MUSWELLBROOK, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MUSWELLBROOK, 2333 should have seen some difference. While the latest census median annual household figure income is now $73,008, it was $55,437 back in 2006, which is a net increase of $17,570 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $12,374 better off each year even without factoring in mortgage rate cuts.