House prices in NARARA have seen little growth over the last year, which means it's more important than ever to get a good NSW mortgage broker to help you choose the right home loan product.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 7666.00% population change in NARARA 2250 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,794 which is $321 more every month. As a percentage rise, this makes NARARA, 2250 the number 2502th 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 NARARA, 2250 should have seen some difference. While the latest census median annual household figure income is now $67,288, it was $56,856 back in 2006, which is a net increase of $10,431 Subtract from that the median mortgage repayment increase of $3,852 and a mortgage broker’s clients could be up to $6,579 better off each year even without factoring in mortgage rate cuts.