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 PARRAMATTA is number 529th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service PARRAMATTA, 2150.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 19644.00% population change in PARRAMATTA 2150 is well above average.
PARRAMATTA 2150 homeowners are paying around 24.12% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PARRAMATTA, 2150 should have seen some difference. While the latest census median annual household figure income is now $68,328, it was $53,149 back in 2006, which is a net increase of $15,178 Subtract from that the median mortgage repayment increase of $4,548 and a mortgage broker’s clients could be up to $10,630 better off each year even without factoring in mortgage rate cuts.