BEGA is one of the least expensive suburbs in NSW. Median home prices are $345,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $310,500 home loan.
BEGA, 2550 is number 1397th in a list of the country’s fastest growing suburbs, and number 449th in State. It has had an average population growth of 44.00 over the period between the last two national censuses.
Mortgage brokers in BEGA, 2550 have seen that the median mortgage loan repayment has decreased slightly between the last two census periods, changing from $925 to $1,300.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BEGA, 2550 should have seen some difference. While the latest census median annual household figure income is now $43,576, it was $33,009 back in 2006, which is a net increase of $10,566 Subtract from that the median mortgage repayment increase of $4,500 and a mortgage broker’s clients could be up to $6,066 better off each year even without factoring in mortgage rate cuts.