Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in ROSE BAY, 2029 is already $3,401,000, which makes it the number 14th in NSW on a list ordered by most expensive. Make sure that you get good ROSE BAY mortgage broker to look for the best deal.
Between 2005 and 2011 the population of ROSE BAY, 2029 grew an average of 94.80 people each year. This figure of 1860.20% per annum means ROSE BAY is one of the fastest growing suburbs in NSW.
ROSE BAY, 2029 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $2,500 to $2,877.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ROSE BAY, 2029 should have seen some difference. While the latest census median annual household figure income is now $99,216, it was $83,460 back in 2006, which is a net increase of $15,756 Subtract from that the median mortgage repayment increase of $4,524 and a mortgage broker’s clients could be up to $11,232 better off each year even without factoring in mortgage rate cuts.