House prices in REDFERN have seen a high level of growth over the last year, which means it's more important than ever to get a good NSW mortgage broker to help you choose the right home loan product.
Between 2005 and 2011 the population of REDFERN, 2016 grew an average of 110.40 people each year. This figure of 2386.80% per annum means REDFERN is one of the fastest growing suburbs in NSW.
With a median housing loan repayment of $2,522 a month, REDFERN , 2016 mortgage brokers are seeing mortgage holders paying $506 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 REDFERN, 2016 should have seen some difference. While the latest census median annual household figure income is now $75,244, it was $56,310 back in 2006, which is a net increase of $18,933 Subtract from that the median mortgage repayment increase of $6,072 and a mortgage broker’s clients could be up to $12,861 better off each year even without factoring in mortgage rate cuts.