If you were to buy a house locally at the current median price of $885,250 and had 10% deposit, then you would need a mortgage for $796,725. This is quite a large mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, BASS HILL, 2197 figure of 952 represents a 8075.00% change.
With a median housing loan repayment of $2,004 a month, BASS HILL , 2197 mortgage brokers are seeing mortgage holders paying $271 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 BASS HILL, 2197 should have seen some difference. While the latest census median annual household figure income is now $54,652, it was $41,672 back in 2006, which is a net increase of $12,979 Subtract from that the median mortgage repayment increase of $3,252 and a mortgage broker’s clients could be up to $9,727 better off each year even without factoring in mortgage rate cuts.