If you were to buy a house locally at the current median price of $1,220,000 and had 10% deposit, then you would need a mortgage for $1,098,000. This is a very large mortgage compared to state.
With a net change of 368 people, NORMANHURST 2076 has grown considerably when compared to other suburbs in NSW.
With a median housing loan repayment of $2,531 a month, NORMANHURST , 2076 mortgage brokers are seeing mortgage holders paying $520 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORMANHURST, 2076 should have seen some difference. While the latest census median annual household figure income is now $92,300, it was $76,299 back in 2006, which is a net increase of $16,000 Subtract from that the median mortgage repayment increase of $6,240 and a mortgage broker’s clients could be up to $9,760 better off each year even without factoring in mortgage rate cuts.