CASULA is one of the more expensive suburbs in NSW. Median home prices are $815,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $733,500 home loan.
With a net change of 1497 people, CASULA 2170 has grown considerably when compared to other suburbs in NSW.
CASULA 2170 homeowners are paying around 14.05% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much 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 CASULA, 2170 should have seen some difference. While the latest census median annual household figure income is now $71,032, it was $57,990 back in 2006, which is a net increase of $13,041 Subtract from that the median mortgage repayment increase of $3,204 and a mortgage broker’s clients could be up to $9,837 better off each year even without factoring in mortgage rate cuts.