If you were to buy a house locally at the current median price of $1,410,000 and had 10% deposit, then you would need a mortgage for $1,269,000. This is a very large mortgage compared to state.
ULTIMO 2007 has seen a high level of growth in it’s population over the last five years.
Mortgage brokers in ULTIMO, 2007 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,903 to $2,280.
Weekly gross incomes in ULTIMO, 2007 have increased by $160. In the same period median mortgage loan repayments have increased by $376.