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 4200th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service COBAR, 2835.
Australia’s total population growth over the last five years has been 3716.00 This means that COBAR, 2835’s growth of -382 people is considerably above the mean for the country as a whole.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in COBAR, 2835 rank at number 875th in State or 3663th 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 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.