PRETTY BEACH is one of the more expensive suburbs in NSW. Median home prices are $827,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $744,750 home loan.
With a net change of 282 people, PRETTY BEACH 2257 has grown when compared to other suburbs in NSW.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,500 which is $0 more every month. As a percentage rise, this makes PRETTY BEACH, 2257 the number 3916th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PRETTY BEACH, 2257 should have seen some difference. While the latest census median annual household figure income is now $54,028, it was $46,035 back in 2006, which is a net increase of $7,992 Subtract from that the median mortgage repayment increase of $0 and a mortgage broker’s clients could be up to $7,992 better off each year even without factoring in mortgage rate cuts.