If you were to buy a house locally at the current median price of $1,320,000 and had 10% deposit, then you would need a mortgage for $1,188,000. This is a very large mortgage compared to state.
Across the whole country CANTERBURY,2193 is number 1003th fastest growing suburb by population growth, and 325th in State. Its population grew by 745 people over the last five years.
Mortgage payments in CANTERBURY , 2193 have increased by $417 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 CANTERBURY, 2193 should have seen some difference. While the latest census median annual household figure income is now $63,908, it was $52,332 back in 2006, which is a net increase of $11,575 Subtract from that the median mortgage repayment increase of $5,004 and a mortgage broker’s clients could be up to $6,571 better off each year even without factoring in mortgage rate cuts.