Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then CHERRYBROOK is number 286th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service CHERRYBROOK, 2126.
Across the whole country CHERRYBROOK,2126 is number 124th fastest growing suburb by population growth, and 39th in State. Its population grew by 286 people over the last five years.
With a median housing loan repayment of $2,600 a month, CHERRYBROOK , 2126 mortgage brokers are seeing mortgage holders paying $600 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CHERRYBROOK, 2126 should have seen some difference. While the latest census median annual household figure income is now $117,884, it was $96,569 back in 2006, which is a net increase of $21,314 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $14,114 better off each year even without factoring in mortgage rate cuts.