Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then NEW LAMBTON is number 1517th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service NEW LAMBTON, 2305.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 9658.00% population change in NEW LAMBTON 2305 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,814 which is $447 more every month. As a percentage rise, this makes NEW LAMBTON, 2305 the number 2366th 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 NEW LAMBTON, 2305 should have seen some difference. While the latest census median annual household figure income is now $62,712, it was $48,006 back in 2006, which is a net increase of $14,705 Subtract from that the median mortgage repayment increase of $5,364 and a mortgage broker’s clients could be up to $9,341 better off each year even without factoring in mortgage rate cuts.