ADAMSTOWN is one of the averagely priced suburbs in NSW. Median home prices are $580,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $522,450 home loan.
ADAMSTOWN, 2289 is number 1143th in a list of the country’s fastest growing suburbs, and number 371th in State. It has had an average population growth of 74.60 over the period between the last two national censuses.
Mortgage brokers in ADAMSTOWN, 2289 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,300 to $1,950.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ADAMSTOWN, 2289 should have seen some difference. While the latest census median annual household figure income is now $63,128, it was $42,770 back in 2006, which is a net increase of $20,358 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $12,558 better off each year even without factoring in mortgage rate cuts.