If you were to buy a house locally at the current median price of $710,000 and had 10% deposit, then you would need a mortgage for $639,000. This is an average sized mortgage compared to state.
BONNYRIGG, 2177 is number 717th in a list of the country’s fastest growing suburbs, and number 221th in State. It has had an average population growth of -65.20 over the period between the last two national censuses.
BONNYRIGG, 2177 has seen a large 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 $1,500 to $1,857.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BONNYRIGG, 2177 should have seen some difference. While the latest census median annual household figure income is now $54,652, it was $38,282 back in 2006, which is a net increase of $16,369 Subtract from that the median mortgage repayment increase of $4,284 and a mortgage broker’s clients could be up to $12,085 better off each year even without factoring in mortgage rate cuts.