Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in CONCORD, 2137 is already $2,100,000, which makes it the number 101th in NSW on a list ordered by most expensive. Make sure that you get good CONCORD mortgage broker to look for the best deal.
With a net change of 1142 people, CONCORD 2137 has grown considerably when compared to other suburbs in NSW.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,500 which is $500 more every month. As a percentage rise, this makes CONCORD, 2137 the number 363th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CONCORD, 2137 should have seen some difference. While the latest census median annual household figure income is now $90,168, it was $70,288 back in 2006, which is a net increase of $19,879 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $13,879 better off each year even without factoring in mortgage rate cuts.