PYRMONT is one of the most expensive suburbs in NSW. Median home prices are $1,540,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,386,000 home loan.
Across the whole country PYRMONT,2009 is number 352th fastest growing suburb by population growth, and 106th in State. Its population grew by 529 people over the last five years.
With a median housing loan repayment of $2,704 a month, PYRMONT , 2009 mortgage brokers are seeing mortgage holders paying $537 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 PYRMONT, 2009 should have seen some difference. While the latest census median annual household figure income is now $113,672, it was $90,251 back in 2006, which is a net increase of $23,420 Subtract from that the median mortgage repayment increase of $6,444 and a mortgage broker’s clients could be up to $16,976 better off each year even without factoring in mortgage rate cuts.