Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then NOWRA is number 3299th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service NOWRA, 2541.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 9156.00% population change in NOWRA 2541 is well above average.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in NOWRA, 2541 rank at number 1537th in State or 5387th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NOWRA, 2541 should have seen some difference. While the latest census median annual household figure income is now $35,516, it was $29,952 back in 2006, which is a net increase of $5,564 Subtract from that the median mortgage repayment increase of $2,604 and a mortgage broker’s clients could be up to $2,960 better off each year even without factoring in mortgage rate cuts.