No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in CORRIMAL , 2518 is $730,000 this month which means that a mortgage for 80% of that value would be $584,000.
CORRIMAL, 2518 is number 967th in a list of the country’s fastest growing suburbs, and number 309th in State. It has had an average population growth of -42.20 over the period between the last two national censuses.
CORRIMAL, 2518 has seen a large 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 $1,517 to $1,950.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CORRIMAL, 2518 should have seen some difference. While the latest census median annual household figure income is now $50,076, it was $45,058 back in 2006, which is a net increase of $5,018 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $-178 better off each year even without factoring in mortgage rate cuts.