If you were to buy a house locally at the current median price of $2,000,000 and had 10% deposit, then you would need a mortgage for $1,800,000. This is a very large mortgage compared to state.
NARRABEEN, 2101 is number 785th in a list of the country’s fastest growing suburbs, and number 247th in State. It has had an average population growth of 207.60 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,500 which is $400 more every month. As a percentage rise, this makes NARRABEEN, 2101 the number 363th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.