NORDS WHARF is one of the averagely priced suburbs in NSW. Median home prices are $520,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $468,000 home loan.
NORDS WHARF, 2281 is number 3887th in a list of the country’s fastest growing suburbs, and number 1191th in State. It has had an average population growth of -10.00 over the period between the last two national censuses.
Mortgage brokers in NORDS WHARF, 2281 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,300 to $1,800.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORDS WHARF, 2281 should have seen some difference. While the latest census median annual household figure income is now $71,500, it was $59,316 back in 2006, which is a net increase of $12,183 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $6,183 better off each year even without factoring in mortgage rate cuts.