Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then ELANORA HEIGHTS is number 219th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service ELANORA HEIGHTS, 2101.
ELANORA HEIGHTS, 2101 is number 1694th in a list of the country’s fastest growing suburbs, and number 536th in State. It has had an average population growth of 12.60 over the period between the last two national censuses.
Mortgage payments in ELANORA HEIGHTS , 2101 have increased by $1,000 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ELANORA HEIGHTS, 2101 should have seen some difference. While the latest census median annual household figure income is now $103,844, it was $83,959 back in 2006, which is a net increase of $19,884 Subtract from that the median mortgage repayment increase of $12,000 and a mortgage broker’s clients could be up to $7,884 better off each year even without factoring in mortgage rate cuts.