No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in ERINA , 2250 is $810,000 this month which means that a mortgage for 80% of that value would be $648,000.
ERINA 2250 has seen considerable shrinkage in it’s population over the last five years.
ERINA 2250 homeowners are paying around 10.77% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much less than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ERINA, 2250 should have seen some difference. While the latest census median annual household figure income is now $41,860, it was $39,826 back in 2006, which is a net increase of $2,033 Subtract from that the median mortgage repayment increase of $2,100 and a mortgage broker’s clients could be up to $-66 better off each year even without factoring in mortgage rate cuts.