If you were to buy a house locally at the current median price of $1,800,000 and had 10% deposit, then you would need a mortgage for $1,620,000. This is a very large mortgage compared to state.
BEECROFT 2119 has seen steady growth in it’s population over the last five years.
BEECROFT, 2119 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $2,167 to $2,650.
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.