EPPING is one of the most expensive suburbs in NSW. Median home prices are $1,826,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,643,850 home loan.
EPPING 2121 has seen a high level of growth in it’s population over the last five years.
With a median housing loan repayment of $2,286 a month, EPPING , 2121 mortgage brokers are seeing mortgage holders paying $336 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 EPPING, 2121 should have seen some difference. While the latest census median annual household figure income is now $87,516, it was $74,438 back in 2006, which is a net increase of $13,078 Subtract from that the median mortgage repayment increase of $4,032 and a mortgage broker’s clients could be up to $9,046 better off each year even without factoring in mortgage rate cuts.