CATALINA is one of the least expensive suburbs in NSW. Median home prices are $373,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $335,700 home loan.
CATALINA, 2536 is number 2463th in a list of the country’s fastest growing suburbs, and number 773th in State. It has had an average population growth of 42.60 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in CATALINA, 2536 rank at number 1395th in State or 5049th 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 CATALINA, 2536 should have seen some difference. While the latest census median annual household figure income is now $41,496, it was $33,862 back in 2006, which is a net increase of $7,633 Subtract from that the median mortgage repayment increase of $3,336 and a mortgage broker’s clients could be up to $4,297 better off each year even without factoring in mortgage rate cuts.