SYLVANIA is one of the most expensive suburbs in NSW. Median home prices are $1,200,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,080,000 home loan.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 9629.00% population change in SYLVANIA 2224 is well above average.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-717 less than the median monthly home loan repayment in SYLVANIA, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SYLVANIA, 2224 should have seen some difference. While the latest census median annual household figure income is now $73,892, it was $60,174 back in 2006, which is a net increase of $13,717 Subtract from that the median mortgage repayment increase of $6,840 and a mortgage broker’s clients could be up to $6,877 better off each year even without factoring in mortgage rate cuts.