If you were to buy a house locally at the current median price of $1,690,000 and had 10% deposit, then you would need a mortgage for $1,521,000. This is a very large mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, BELLA VISTA, 2153 figure of 937 represents a 7216.00% change.
BELLA VISTA, 2153 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 $2,704.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BELLA VISTA, 2153 should have seen some difference. While the latest census median annual household figure income is now $136,968, it was $114,192 back in 2006, which is a net increase of $22,776 Subtract from that the median mortgage repayment increase of $6,444 and a mortgage broker’s clients could be up to $16,332 better off each year even without factoring in mortgage rate cuts.