WALLSEND is one of the less expensive suburbs in NSW. Median home prices are $421,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $378,900 home loan.
Between 2005 and 2011 the population of WALLSEND, 2287 grew an average of 101.80 people each year. This figure of 2441.60% per annum means WALLSEND is one of the fastest growing suburbs in NSW.
With a median housing loan repayment of $1,665 a month, WALLSEND , 2287 mortgage brokers are seeing mortgage holders paying $452 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WALLSEND, 2287 should have seen some difference. While the latest census median annual household figure income is now $50,908, it was $37,663 back in 2006, which is a net increase of $13,244 Subtract from that the median mortgage repayment increase of $5,424 and a mortgage broker’s clients could be up to $7,820 better off each year even without factoring in mortgage rate cuts.