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 BARDWELL PARK is number 335th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BARDWELL PARK, 2207.
BARDWELL PARK, 2207 is number 2528th in a list of the country’s fastest growing suburbs, and number 787th in State. It has had an average population growth of -24.00 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,700 which is $700 more every month. As a percentage rise, this makes BARDWELL PARK, 2207 the number 220th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BARDWELL PARK, 2207 should have seen some difference. While the latest census median annual household figure income is now $83,512, it was $61,854 back in 2006, which is a net increase of $21,658 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $13,258 better off each year even without factoring in mortgage rate cuts.