OCEAN SHORES is one of the averagely priced suburbs in NSW. Median home prices are $647,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $582,750 home loan.
Between 2005 and 2011 the population of OCEAN SHORES, 2483 grew an average of 38.00 people each year. This figure of 953.80% per annum means OCEAN SHORES is one of the more rapidly growing suburbs in NSW.
Mortgage brokers in OCEAN SHORES, 2483 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,127 to $1,733.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in OCEAN SHORES, 2483 should have seen some difference. While the latest census median annual household figure income is now $47,164, it was $39,171 back in 2006, which is a net increase of $7,992 Subtract from that the median mortgage repayment increase of $7,272 and a mortgage broker’s clients could be up to $720 better off each year even without factoring in mortgage rate cuts.