If you were to buy a house locally at the current median price of $650,000 and had 10% deposit, then you would need a mortgage for $585,000. This is an average sized mortgage compared to state.
Across the whole country NORTH RICHMOND,2754 is number 1443th fastest growing suburb by population growth, and 461th in State. Its population grew by 127 people over the last five years.
With a median housing loan repayment of $2,000 a month, NORTH RICHMOND , 2754 mortgage brokers are seeing mortgage holders paying $483 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 NORTH RICHMOND, 2754 should have seen some difference. While the latest census median annual household figure income is now $67,600, it was $58,645 back in 2006, which is a net increase of $8,954 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $3,158 better off each year even without factoring in mortgage rate cuts.