NORTH NARRABEEN is one of the most expensive suburbs in NSW. Median home prices are $1,285,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,156,500 home loan.
Australia’s total population growth over the last five years has been 5435.00 This means that NORTH NARRABEEN, 2101’s growth of 257 people is well above the mean for the country as a whole.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-1,151 less than the median monthly home loan repayment in NORTH NARRABEEN, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORTH NARRABEEN, 2101 should have seen some difference. While the latest census median annual household figure income is now $93,236, it was $73,912 back in 2006, which is a net increase of $19,323 Subtract from that the median mortgage repayment increase of $9,204 and a mortgage broker’s clients could be up to $10,119 better off each year even without factoring in mortgage rate cuts.