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 BALLINA is number 2133th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BALLINA, 2478.
Between 2005 and 2011 the population of BALLINA, 2478 grew an average of -5.40 people each year. This figure of 1554.80% per annum means BALLINA is one of the fastest growing suburbs in NSW.
BALLINA 2478 homeowners are paying around 30.87% 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 BALLINA, 2478 should have seen some difference. While the latest census median annual household figure income is now $35,516, it was $29,900 back in 2006, which is a net increase of $5,616 Subtract from that the median mortgage repayment increase of $4,416 and a mortgage broker’s clients could be up to $1,200 better off each year even without factoring in mortgage rate cuts.