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 THE HILL , 2300 is $1,100,000 this month which means that a mortgage for 80% of that value would be $880,000.
THE HILL, 2300 is number 2894th in a list of the country’s fastest growing suburbs, and number 897th in State. It has had an average population growth of -77.00 over the period between the last two national censuses.
THE HILL, 2300 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,700 to $1,993.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in THE HILL, 2300 should have seen some difference. While the latest census median annual household figure income is now $75,868, it was $55,785 back in 2006, which is a net increase of $20,082 Subtract from that the median mortgage repayment increase of $3,516 and a mortgage broker’s clients could be up to $16,566 better off each year even without factoring in mortgage rate cuts.