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 BANKSIA is number 524th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BANKSIA, 2216.
Between 2005 and 2011 the population of BANKSIA, 2216 grew an average of 55.40 people each year. This figure of 626.20% per annum means BANKSIA is one of the more rapidly growing suburbs in NSW.
With a median housing loan repayment of $2,500 a month, BANKSIA , 2216 mortgage brokers are seeing mortgage holders paying $527 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 BANKSIA, 2216 should have seen some difference. While the latest census median annual household figure income is now $71,292, it was $56,794 back in 2006, which is a net increase of $14,497 Subtract from that the median mortgage repayment increase of $6,330 and a mortgage broker’s clients could be up to $8,167 better off each year even without factoring in mortgage rate cuts.