Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in SPRINGWOOD, 2777 is already $574,500, which makes it the number 794th in NSW on a list ordered by most expensive. Make sure that you get good SPRINGWOOD mortgage broker to look for the best deal.
Between 2005 and 2011 the population of SPRINGWOOD, 2777 grew an average of 45.40 people each year. This figure of 1667.20% per annum means SPRINGWOOD is one of the fastest growing suburbs in NSW.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in SPRINGWOOD, 2777 rank at number 792th in State or 3434th 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 SPRINGWOOD, 2777 should have seen some difference. While the latest census median annual household figure income is now $69,524, it was $58,458 back in 2006, which is a net increase of $11,065 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $5,869 better off each year even without factoring in mortgage rate cuts.