If you’re looking to buy in BATEAU BAY then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $658,000 over the last year.
Between 2005 and 2011 the population of BATEAU BAY, 2261 grew an average of 32.20 people each year. This figure of 2331.80% per annum means BATEAU BAY is one of the fastest growing suburbs in NSW.
With a median housing loan repayment of $1,800 a month, BATEAU BAY , 2261 mortgage brokers are seeing mortgage holders paying $300 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 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.