If you were to buy a house locally at the current median price of $360,000 and had 10% deposit, then you would need a mortgage for $324,000. This is relatively small mortgage compared to state.
Australia’s total population growth over the last five years has been 32227.00 This means that DUBBO, 2830’s growth of 4025 people is well above the mean for the country as a whole.
With a median housing loan repayment of $1,473 a month, DUBBO , 2830 mortgage brokers are seeing mortgage holders paying $357 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in DUBBO, 2830 should have seen some difference. While the latest census median annual household figure income is now $54,704, it was $47,205 back in 2006, which is a net increase of $7,498 Subtract from that the median mortgage repayment increase of $4,284 and a mortgage broker’s clients could be up to $3,214 better off each year even without factoring in mortgage rate cuts.