No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in PORT MACQUARIE , 2444 is $535,000 this month which means that a mortgage for 80% of that value would be $428,000.
Between 2005 and 2011 the population of PORT MACQUARIE, 2444 grew an average of 578.40 people each year. This figure of 8278.20% per annum means PORT MACQUARIE is one of the fastest growing suburbs in NSW.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $50 more than the median monthly home loan repayment in PORT MACQUARIE, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PORT MACQUARIE, 2444 should have seen some difference. While the latest census median annual household figure income is now $44,460, it was $36,576 back in 2006, which is a net increase of $7,883 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $2,687 better off each year even without factoring in mortgage rate cuts.