BOMADERRY is one of the less expensive suburbs in NSW. Median home prices are $467,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $420,750 home loan.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 6466.00% population change in BOMADERRY 2541 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,300 which is $178 more every month. As a percentage rise, this makes BOMADERRY, 2541 the number 4574th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BOMADERRY, 2541 should have seen some difference. While the latest census median annual household figure income is now $42,224, it was $37,065 back in 2006, which is a net increase of $5,158 Subtract from that the median mortgage repayment increase of $2,136 and a mortgage broker’s clients could be up to $3,022 better off each year even without factoring in mortgage rate cuts.