If you were to buy a house locally at the current median price of $1,107,000 and had 10% deposit, then you would need a mortgage for $996,300. This is quite a large mortgage compared to state.
Across the whole country BELMORE,2192 is number 300th fastest growing suburb by population growth, and 89th in State. Its population grew by 445 people over the last five years.
Mortgage brokers in BELMORE, 2192 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,600 to $1,950.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BELMORE, 2192 should have seen some difference. While the latest census median annual household figure income is now $51,324, it was $41,802 back in 2006, which is a net increase of $9,521 Subtract from that the median mortgage repayment increase of $4,200 and a mortgage broker’s clients could be up to $5,321 better off each year even without factoring in mortgage rate cuts.