RYDE is one of the most expensive suburbs in NSW. Median home prices are $1,416,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,274,850 home loan.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, RYDE, 2112 figure of 1217 represents a 21498.00% change.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-517 less than the median monthly home loan repayment in RYDE, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RYDE, 2112 should have seen some difference. While the latest census median annual household figure income is now $71,760, it was $57,652 back in 2006, which is a net increase of $14,107 Subtract from that the median mortgage repayment increase of $4,716 and a mortgage broker’s clients could be up to $9,391 better off each year even without factoring in mortgage rate cuts.