QUAKERS HILL is one of the more expensive suburbs in NSW. Median home prices are $715,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $643,500 home loan.
Across the whole country QUAKERS HILL,2763 is number 39th fastest growing suburb by population growth, and 13th in State. Its population grew by 1151 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $367 more every month. As a percentage rise, this makes QUAKERS HILL, 2763 the number 846th 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 QUAKERS HILL, 2763 should have seen some difference. While the latest census median annual household figure income is now $90,948, it was $72,852 back in 2006, which is a net increase of $18,096 Subtract from that the median mortgage repayment increase of $4,404 and a mortgage broker’s clients could be up to $13,692 better off each year even without factoring in mortgage rate cuts.