Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in BELFIELD, 2191 is already $1,200,000, which makes it the number 314th in NSW on a list ordered by most expensive. Make sure that you get good BELFIELD mortgage broker to look for the best deal.
Between 2005 and 2011 the population of BELFIELD, 2191 grew an average of 67.00 people each year. This figure of 1188.60% per annum means BELFIELD is one of the fastest growing suburbs in NSW.
BELFIELD 2191 homeowners are paying around 26.39% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BELFIELD, 2191 should have seen some difference. While the latest census median annual household figure income is now $59,020, it was $48,510 back in 2006, which is a net increase of $10,509 Subtract from that the median mortgage repayment increase of $5,700 and a mortgage broker’s clients could be up to $4,809 better off each year even without factoring in mortgage rate cuts.