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 BUDGEWOI is number 2374th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service BUDGEWOI, 2262.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 3154.00% population change in BUDGEWOI 2262 is above average.
BUDGEWOI 2262 homeowners are paying around 26.85% 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 BUDGEWOI, 2262 should have seen some difference. While the latest census median annual household figure income is now $41,184, it was $31,990 back in 2006, which is a net increase of $9,193 Subtract from that the median mortgage repayment increase of $4,188 and a mortgage broker’s clients could be up to $5,005 better off each year even without factoring in mortgage rate cuts.