STANHOPE GARDENS is one of the more expensive suburbs in NSW. Median home prices are $870,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $783,000 home loan.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 7570.00% population change in STANHOPE GARDENS 2768 is well above average.
Mortgage brokers in STANHOPE GARDENS, 2768 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $2,350 to $2,817.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in STANHOPE GARDENS, 2768 should have seen some difference. While the latest census median annual household figure income is now $111,280, it was $77,162 back in 2006, which is a net increase of $34,117 Subtract from that the median mortgage repayment increase of $5,604 and a mortgage broker’s clients could be up to $28,513 better off each year even without factoring in mortgage rate cuts.