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 TAREN POINT , 2229 is $1,990,000 this month which means that a mortgage for 80% of that value would be $1,592,000.
TAREN POINT 2229 has seen a high level of growth 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 $2,255 which is $164 more every month. As a percentage rise, this makes TAREN POINT, 2229 the number 722th 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 TAREN POINT, 2229 should have seen some difference. While the latest census median annual household figure income is now $64,792, it was $65,790 back in 2006, which is a net increase of $-998 Subtract from that the median mortgage repayment increase of $1,974 and a mortgage broker’s clients could be up to $-2,972 better off each year even without factoring in mortgage rate cuts.