Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then YAMBA is number 2081th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service YAMBA, 2464.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 5974.00% population change in YAMBA 2464 is well above average.
YAMBA 2464 homeowners are paying around 27.27% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in YAMBA, 2464 should have seen some difference. While the latest census median annual household figure income is now $37,492, it was $31,574 back in 2006, which is a net increase of $5,917 Subtract from that the median mortgage repayment increase of $3,900 and a mortgage broker’s clients could be up to $2,017 better off each year even without factoring in mortgage rate cuts.