NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with below the state figure, NEWCASTLE WEST, 2302 figure of 241 represents a 493.00% change.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-167 less than the median monthly home loan repayment in NEWCASTLE WEST, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NEWCASTLE WEST, 2302 should have seen some difference. While the latest census median annual household figure income is now $62,400, it was $49,790 back in 2006, which is a net increase of $12,610 Subtract from that the median mortgage repayment increase of $2,832 and a mortgage broker’s clients could be up to $9,778 better off each year even without factoring in mortgage rate cuts.