RANKIN PARK is one of the less expensive suburbs in NSW. Median home prices are $505,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $454,950 home loan.
With a net change of -118 people, RANKIN PARK 2287 has has shrunk quite a lot when compared to other suburbs in NSW.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-17 less than the median monthly home loan repayment in RANKIN PARK, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RANKIN PARK, 2287 should have seen some difference. While the latest census median annual household figure income is now $81,380, it was $70,064 back in 2006, which is a net increase of $11,315 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $5,315 better off each year even without factoring in mortgage rate cuts.