Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in OURIMBAH, 2258 is already $550,000, which makes it the number 823th in NSW on a list ordered by most expensive. Make sure that you get good OURIMBAH mortgage broker to look for the best deal.
Between 2005 and 2011 the population of OURIMBAH, 2258 grew an average of 217.40 people each year. This figure of 812.20% per annum means OURIMBAH is one of the more rapidly growing suburbs in NSW.
With a median housing loan repayment of $1,950 a month, OURIMBAH , 2258 mortgage brokers are seeing mortgage holders paying $438 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 OURIMBAH, 2258 should have seen some difference. While the latest census median annual household figure income is now $69,732, it was $57,590 back in 2006, which is a net increase of $12,142 Subtract from that the median mortgage repayment increase of $5,256 and a mortgage broker’s clients could be up to $6,886 better off each year even without factoring in mortgage rate cuts.