No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in SOUTH PENRITH , 2750 is $626,500 this month which means that a mortgage for 80% of that value would be $501,200.
Between 2005 and 2011 the population of SOUTH PENRITH, 2750 grew an average of 15.80 people each year. This figure of 2308.00% per annum means SOUTH PENRITH is one of the fastest growing suburbs in NSW.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-217 less than the median monthly home loan repayment in SOUTH PENRITH, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SOUTH PENRITH, 2750 should have seen some difference. While the latest census median annual household figure income is now $71,604, it was $59,675 back in 2006, which is a net increase of $11,928 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $5,928 better off each year even without factoring in mortgage rate cuts.