BEACON HILL is one of the most expensive suburbs in NSW. Median home prices are $1,500,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,350,000 home loan.
With a net change of 755 people, BEACON HILL 2100 has grown considerably when compared to other suburbs in NSW.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in BEACON HILL, 2100 rank at number 196th in State or 958th 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 BEACON HILL, 2100 should have seen some difference. While the latest census median annual household figure income is now $101,400, it was $81,177 back in 2006, which is a net increase of $20,222 Subtract from that the median mortgage repayment increase of $8,646 and a mortgage broker’s clients could be up to $11,576 better off each year even without factoring in mortgage rate cuts.