NARWEE is one of the more expensive suburbs in NSW. Median home prices are $1,085,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $976,500 home loan.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with above the state figure, NARWEE, 2209 figure of -64 represents a 4856.00% change.
NARWEE 2209 homeowners are paying around 35.44% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NARWEE, 2209 should have seen some difference. While the latest census median annual household figure income is now $52,676, it was $43,867 back in 2006, which is a net increase of $8,808 Subtract from that the median mortgage repayment increase of $6,804 and a mortgage broker’s clients could be up to $2,004 better off each year even without factoring in mortgage rate cuts.