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 BEECROFT is number 167th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BEECROFT, 2119.
BEECROFT, 2119 is number 608th in a list of the country’s fastest growing suburbs, and number 191th in State. It has had an average population growth of 44.40 over the period between the last two national censuses.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-867 less than the median monthly home loan repayment in BEECROFT, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BEECROFT, 2119 should have seen some difference. While the latest census median annual household figure income is now $131,196, it was $105,352 back in 2006, which is a net increase of $25,844 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $20,048 better off each year even without factoring in mortgage rate cuts.