Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in SHELLHARBOUR, 2529 is already $700,000, which makes it the number 604th in NSW on a list ordered by most expensive. Make sure that you get good SHELLHARBOUR mortgage broker to look for the best deal.
SHELLHARBOUR 2529 has seen a decline in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,800 which is $266 more every month. As a percentage rise, this makes SHELLHARBOUR, 2529 the number 2379th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SHELLHARBOUR, 2529 should have seen some difference. While the latest census median annual household figure income is now $62,816, it was $54,886 back in 2006, which is a net increase of $7,930 Subtract from that the median mortgage repayment increase of $3,192 and a mortgage broker’s clients could be up to $4,738 better off each year even without factoring in mortgage rate cuts.