Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in WAGGA WAGGA, 2650 is already $386,500, which makes it the number 1204th in NSW on a list ordered by most expensive. Make sure that you get good WAGGA WAGGA mortgage broker to look for the best deal.
Between 2005 and 2011 the population of WAGGA WAGGA, 2650 grew an average of -56.40 people each year. This figure of 1372.20% per annum means WAGGA WAGGA is one of the fastest growing suburbs in NSW.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $266 more than the median monthly home loan repayment in WAGGA WAGGA, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WAGGA WAGGA, 2650 should have seen some difference. While the latest census median annual household figure income is now $50,856, it was $42,078 back in 2006, which is a net increase of $8,777 Subtract from that the median mortgage repayment increase of $4,680 and a mortgage broker’s clients could be up to $4,097 better off each year even without factoring in mortgage rate cuts.