Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in NICHOLLS, 2913 is already $766,000, which makes it the number 25th in ACT on a list ordered by most expensive. Make sure that you get good NICHOLLS mortgage broker to look for the best deal.
Across the whole country NICHOLLS,2913 is number 861th fastest growing suburb by population growth, and 7th in State. Its population grew by -39 people over the last five years.
In ACT the median mortgage repayment has increased from $1,437 to $2,110 which is $-57 less than the median monthly home loan repayment in NICHOLLS, ACT.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NICHOLLS, 2913 should have seen some difference. While the latest census median annual household figure income is now $134,316, it was $110,848 back in 2006, which is a net increase of $23,467 Subtract from that the median mortgage repayment increase of $4,944 and a mortgage broker’s clients could be up to $18,523 better off each year even without factoring in mortgage rate cuts.