House prices in CHARLESTOWN have seen little growth over the last year, which means it's more important than ever to get a good NSW mortgage broker to help you choose the right home loan product.
Between 2005 and 2011 the population of CHARLESTOWN, 2290 grew an average of 136.80 people each year. This figure of 2462.20% per annum means CHARLESTOWN is one of the fastest growing suburbs in NSW.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in CHARLESTOWN, 2290 rank at number 546th in State or 2599th 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 CHARLESTOWN, 2290 should have seen some difference. While the latest census median annual household figure income is now $64,688, it was $51,604 back in 2006, which is a net increase of $13,083 Subtract from that the median mortgage repayment increase of $6,084 and a mortgage broker’s clients could be up to $6,999 better off each year even without factoring in mortgage rate cuts.