AVOCA BEACH is one of the more expensive suburbs in NSW. Median home prices are $860,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $774,000 home loan.
Between 2005 and 2011 the population of AVOCA BEACH, 2251 grew an average of 24.20 people each year. This figure of 843.40% per annum means AVOCA BEACH is one of the more rapidly growing suburbs in NSW.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-384 less than the median monthly home loan repayment in AVOCA BEACH, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in AVOCA BEACH, 2251 should have seen some difference. While the latest census median annual household figure income is now $75,816, it was $59,623 back in 2006, which is a net increase of $16,192 Subtract from that the median mortgage repayment increase of $5,370 and a mortgage broker’s clients could be up to $10,822 better off each year even without factoring in mortgage rate cuts.