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 COBAR is number 4250th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service COBAR, 2835.
COBAR, 2835 is number 1707th in a list of the country’s fastest growing suburbs, and number 540th in State. It has had an average population growth of -76.40 over the period between the last two national censuses.
COBAR, 2835 has seen a low increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $897 to $1,322.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in COBAR, 2835 should have seen some difference. While the latest census median annual household figure income is now $73,944, it was $59,274 back in 2006, which is a net increase of $14,669 Subtract from that the median mortgage repayment increase of $5,100 and a mortgage broker’s clients could be up to $9,569 better off each year even without factoring in mortgage rate cuts.