BUNDEENA is one of the more expensive suburbs in NSW. Median home prices are $950,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $855,000 home loan.
With a net change of -31 people, BUNDEENA 2230 has has shrunk when compared to other suburbs in NSW.
Mortgage payments in BUNDEENA , 2230 have increased by $310 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 BUNDEENA, 2230 should have seen some difference. While the latest census median annual household figure income is now $69,316, it was $58,260 back in 2006, which is a net increase of $11,055 Subtract from that the median mortgage repayment increase of $3,720 and a mortgage broker’s clients could be up to $7,335 better off each year even without factoring in mortgage rate cuts.