If you were to buy a house locally at the current median price of $358,500 and had 10% deposit, then you would need a mortgage for $322,650. This is relatively small mortgage compared to state.
With a net change of 4025 people, DUBBO 2830 has grown considerably when compared to other suburbs in NSW.
DUBBO, 2830 has seen a 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 $1,116 to $1,473.
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.