If you were to buy a house locally at the current median price of $1,515,000 and had 10% deposit, then you would need a mortgage for $1,363,500. This is a very large mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with above the state figure, ENMORE, 2042 figure of 209 represents a 3471.00% change.
ENMORE, 2042 has seen a substantial 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 $2,000 to $2,600.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ENMORE, 2042 should have seen some difference. While the latest census median annual household figure income is now $89,128, it was $60,231 back in 2006, which is a net increase of $28,896 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $21,696 better off each year even without factoring in mortgage rate cuts.