Australia’s total population growth over the last five years has been 803.00 This means that RAMSGATE, 2217’s growth of -150 people is about the same as the mean for the country as a whole.
RAMSGATE 2217 homeowners are paying around 8.40% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much 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 RAMSGATE, 2217 should have seen some difference. While the latest census median annual household figure income is now $77,116, it was $52,618 back in 2006, which is a net increase of $24,497 Subtract from that the median mortgage repayment increase of $2,184 and a mortgage broker’s clients could be up to $22,313 better off each year even without factoring in mortgage rate cuts.