Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in BATEAU BAY, 2261 is already $617,000, which makes it the number 795th in NSW on a list ordered by most expensive. Make sure that you get good BATEAU BAY mortgage broker to look for the best deal.
Across the whole country BATEAU BAY,2261 is number 341th fastest growing suburb by population growth, and 102th in State. Its population grew by 161 people over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in BATEAU BAY, 2261 rank at number 1315th in State or 4855th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BATEAU BAY, 2261 should have seen some difference. While the latest census median annual household figure income is now $48,776, it was $40,232 back in 2006, which is a net increase of $8,543 Subtract from that the median mortgage repayment increase of $3,600 and a mortgage broker’s clients could be up to $4,943 better off each year even without factoring in mortgage rate cuts.