SEAFORTH is one of the most expensive suburbs in NSW. Median home prices are $2,167,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,950,750 home loan.
SEAFORTH 2092 has seen steady growth in it’s population over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in SEAFORTH, 2092 rank at number 210th in State or 1043th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SEAFORTH, 2092 should have seen some difference. While the latest census median annual household figure income is now $132,756, it was $108,571 back in 2006, which is a net increase of $24,185 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $15,785 better off each year even without factoring in mortgage rate cuts.