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 ENGADINE is number 637th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service ENGADINE, 2233.
ENGADINE, 2233 is number 144th in a list of the country’s fastest growing suburbs, and number 45th in State. It has had an average population growth of -213.60 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,427 which is $527 more every month. As a percentage rise, this makes ENGADINE, 2233 the number 491th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
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.