EAST MAITLAND is one of the less expensive suburbs in NSW. Median home prices are $395,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $355,500 home loan.
EAST MAITLAND, 2323 is number 394th in a list of the country’s fastest growing suburbs, and number 119th in State. It has had an average population growth of -58.80 over the period between the last two national censuses.
With a median housing loan repayment of $1,733 a month, EAST MAITLAND , 2323 mortgage brokers are seeing mortgage holders paying $433 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 EAST MAITLAND, 2323 should have seen some difference. While the latest census median annual household figure income is now $53,872, it was $44,215 back in 2006, which is a net increase of $9,656 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $4,460 better off each year even without factoring in mortgage rate cuts.