CHARMHAVEN is one of the less expensive suburbs in NSW. Median home prices are $440,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $396,000 home loan.
With a net change of 114 people, CHARMHAVEN 2263 has not grown much when compared to other suburbs in NSW.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $115 more than the median monthly home loan repayment in CHARMHAVEN, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CHARMHAVEN, 2263 should have seen some difference. While the latest census median annual household figure income is now $50,544, it was $40,014 back in 2006, which is a net increase of $10,530 Subtract from that the median mortgage repayment increase of $4,416 and a mortgage broker’s clients could be up to $6,114 better off each year even without factoring in mortgage rate cuts.