If you’re looking to buy in NEWTOWN then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased considerably to $1,290,000 over the last year.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 14048.00% population change in NEWTOWN 2042 is well above average.
NEWTOWN 2042 homeowners are paying around 22.18% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than 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 NEWTOWN, 2042 should have seen some difference. While the latest census median annual household figure income is now $91,156, it was $72,493 back in 2006, which is a net increase of $18,662 Subtract from that the median mortgage repayment increase of $5,664 and a mortgage broker’s clients could be up to $12,998 better off each year even without factoring in mortgage rate cuts.