NORTH NARRABEEN is one of the most expensive suburbs in NSW. Median home prices are $1,407,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,266,750 home loan.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 5435.00% population change in NORTH NARRABEEN 2101 is well above average.
Mortgage brokers in NORTH NARRABEEN, 2101 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $2,167 to $2,934.
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.