If you were to buy a house locally at the current median price of $1,489,500 and had 10% deposit, then you would need a mortgage for $1,340,550. This is a very large mortgage compared to state.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 10014.00% population change in NORTH RYDE 2113 is well above average.
Mortgage payments in NORTH RYDE , 2113 have increased by $500 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORTH RYDE, 2113 should have seen some difference. While the latest census median annual household figure income is now $83,408, it was $64,365 back in 2006, which is a net increase of $19,042 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $13,042 better off each year even without factoring in mortgage rate cuts.