BRONTE is one of the most expensive suburbs in NSW. Median home prices are $3,162,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $2,846,250 home loan.
Australia’s total population growth over the last five years has been 6726.00 This means that BRONTE, 2024’s growth of 706 people is well above the mean for the country as a whole.
Mortgage payments in BRONTE , 2024 have increased by $967 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BRONTE, 2024 should have seen some difference. While the latest census median annual household figure income is now $120,536, it was $88,706 back in 2006, which is a net increase of $31,829 Subtract from that the median mortgage repayment increase of $11,604 and a mortgage broker’s clients could be up to $20,225 better off each year even without factoring in mortgage rate cuts.