ERSKINEVILLE is one of the most expensive suburbs in NSW. Median home prices are $1,430,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,287,000 home loan.
ERSKINEVILLE 2043 has seen steady growth in it’s population over the last five years.
Mortgage brokers in ERSKINEVILLE, 2043 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $2,167 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 ERSKINEVILLE, 2043 should have seen some difference. While the latest census median annual household figure income is now $119,080, it was $86,476 back in 2006, which is a net increase of $32,604 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $27,408 better off each year even without factoring in mortgage rate cuts.