NARWEE is one of the more expensive suburbs in NSW. Median home prices are $1,125,006 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,012,505 home loan.
Between 2005 and 2011 the population of NARWEE, 2209 grew an average of -12.80 people each year. This figure of 971.20% per annum means NARWEE is one of the more rapidly growing suburbs in NSW.
With a median housing loan repayment of $2,167 a month, NARWEE , 2209 mortgage brokers are seeing mortgage holders paying $567 more than 2006.
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.