If you were to buy a house locally at the current median price of $2,455,000 and had 10% deposit, then you would need a mortgage for $2,209,500. This is a very large mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, CREMORNE, 2090 figure of 607 represents a 10949.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,817 which is $319 more every month. As a percentage rise, this makes CREMORNE, 2090 the number 164th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $372 which is a theoretical $16,588 available for a CREMORNE mortgage broker to find a home loan.