If you were to buy a house locally at the current median price of $685,500 and had 10% deposit, then you would need a mortgage for $616,950. This is an average sized mortgage compared to state.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 2079.00% population change in CONISTON 2500 is pretty equal to average.
Mortgage brokers in CONISTON, 2500 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,408 to $1,534.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CONISTON, 2500 should have seen some difference. While the latest census median annual household figure income is now $51,220, it was $40,300 back in 2006, which is a net increase of $10,920 Subtract from that the median mortgage repayment increase of $1,512 and a mortgage broker’s clients could be up to $9,408 better off each year even without factoring in mortgage rate cuts.