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 291th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service CHERRYBROOK, 2126.
CHERRYBROOK, 2126 is number 124th in a list of the country’s fastest growing suburbs, and number 39th in State. It has had an average population growth of 57.20 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 CHERRYBROOK, 2126 rank at number 353th in State or 1748th 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 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.