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 FAIRY MEADOW is number 892th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service FAIRY MEADOW, 2519.
Between 2005 and 2011 the population of FAIRY MEADOW, 2519 grew an average of 32.00 people each year. This figure of 1297.20% per annum means FAIRY MEADOW is one of the fastest growing suburbs in NSW.
Mortgage payments in FAIRY MEADOW , 2519 have increased by $340 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in FAIRY MEADOW, 2519 should have seen some difference. While the latest census median annual household figure income is now $45,084, it was $34,065 back in 2006, which is a net increase of $11,018 Subtract from that the median mortgage repayment increase of $4,086 and a mortgage broker’s clients could be up to $6,932 better off each year even without factoring in mortgage rate cuts.