Between 2005 and 2011 the population of NEWCASTLE WEST, 2302 grew an average of 48.20 people each year. This figure of 98.60% per annum means NEWCASTLE WEST is one of the below average growth suburbs in NSW.
Mortgage payments in NEWCASTLE WEST , 2302 have increased by $236 over the 5-year census period.
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.