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 BOWRAL is number 715th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BOWRAL, 2576.
BOWRAL, 2576 is number 702th in a list of the country’s fastest growing suburbs, and number 216th in State. It has had an average population growth of 210.40 over the period between the last two national censuses.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-217 less than the median monthly home loan repayment in BOWRAL, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BOWRAL, 2576 should have seen some difference. While the latest census median annual household figure income is now $54,652, it was $48,521 back in 2006, which is a net increase of $6,130 Subtract from that the median mortgage repayment increase of $4,800 and a mortgage broker’s clients could be up to $1,330 better off each year even without factoring in mortgage rate cuts.