Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then BERKELEY VALE is number 1987th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BERKELEY VALE, 2261.
BERKELEY VALE 2261 has seen a high level of growth in it’s population over the last five years.
BERKELEY VALE 2261 homeowners are paying around 27.84% 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 BERKELEY VALE, 2261 should have seen some difference. While the latest census median annual household figure income is now $59,020, it was $50,809 back in 2006, which is a net increase of $8,210 Subtract from that the median mortgage repayment increase of $4,704 and a mortgage broker’s clients could be up to $3,506 better off each year even without factoring in mortgage rate cuts.