If you were to buy a house locally at the current median price of $1,585,000 and had 10% deposit, then you would need a mortgage for $1,426,500. This is a very large mortgage compared to state.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 8187.00% population change in BELROSE 2085 is well above average.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-1,034 less than the median monthly home loan repayment in BELROSE, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BELROSE, 2085 should have seen some difference. While the latest census median annual household figure income is now $92,664, it was $81,972 back in 2006, which is a net increase of $10,691 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $2,891 better off each year even without factoring in mortgage rate cuts.