If you were to buy a house locally at the current median price of $2,150,000 and had 10% deposit, then you would need a mortgage for $1,935,000. This is a very large mortgage compared to state.
RANDWICK 2031 has seen a high level of growth in it’s population over the last five years.
With a median housing loan repayment of $2,600 a month, RANDWICK , 2031 mortgage brokers are seeing mortgage holders paying $483 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 RANDWICK, 2031 should have seen some difference. While the latest census median annual household figure income is now $92,872, it was $70,096 back in 2006, which is a net increase of $22,776 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $16,980 better off each year even without factoring in mortgage rate cuts.