CASTLECRAG is one of the most expensive suburbs in NSW. Median home prices are $2,680,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $2,412,000 home loan.
Australia’s total population growth over the last five years has been 2857.00 This means that CASTLECRAG, 2068’s growth of 151 people is considerably above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in CASTLECRAG, 2068 rank at number 17th in State or 83th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CASTLECRAG, 2068 should have seen some difference. While the latest census median annual household figure income is now $145,236, it was $138,939 back in 2006, which is a net increase of $6,297 Subtract from that the median mortgage repayment increase of $17,604 and a mortgage broker’s clients could be up to $-11,306 better off each year even without factoring in mortgage rate cuts.