If you were to buy a house locally at the current median price of $2,175,000 and had 10% deposit, then you would need a mortgage for $1,957,500. This is a very large mortgage compared to state.
COLLAROY 2097 has seen steady growth in it’s population over the last five years.
COLLAROY, 2097 has seen a substantial 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 $2,157 to $2,668.
The local median household income has increased by $359 which is a theoretical $26,546 available for a COLLAROY mortgage broker to find a home loan.