CYGNET is one of the averagely priced suburbs in TAS. Median home prices are $322,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $289,800 home loan.
The average suburb population growth in TAS has been 1298.16% since 2006, so the 1353.00% population change in CYGNET 7112 is above average.
CYGNET, 7112 has seen a very low 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 $682 to $867.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CYGNET, 7112 should have seen some difference. While the latest census median annual household figure income is now $39,728, it was $31,532 back in 2006, which is a net increase of $8,195 Subtract from that the median mortgage repayment increase of $2,214 and a mortgage broker’s clients could be up to $5,981 better off each year even without factoring in mortgage rate cuts.