If you were to buy a house locally at the current median price of $950,000 and had 10% deposit, then you would need a mortgage for $855,000. This is quite a large mortgage compared to state.
Australia’s total population growth over the last five years has been 16767.00 This means that ENGADINE, 2233’s growth of -1068 people is well above the mean for the country as a whole.
Mortgage brokers in ENGADINE, 2233 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,900 to $2,427.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ENGADINE, 2233 should have seen some difference. While the latest census median annual household figure income is now $86,632, it was $73,949 back in 2006, which is a net increase of $12,682 Subtract from that the median mortgage repayment increase of $6,324 and a mortgage broker’s clients could be up to $6,358 better off each year even without factoring in mortgage rate cuts.