If you were to buy a house locally at the current median price of $660,000 and had 10% deposit, then you would need a mortgage for $594,000. This is an average sized mortgage compared to state.
With a net change of 324 people, FARMBOROUGH HEIGHTS 2526 has grown when compared to other suburbs in NSW.
FARMBOROUGH HEIGHTS, 2526 has seen a large 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 $1,500 to $1,863.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in FARMBOROUGH HEIGHTS, 2526 should have seen some difference. While the latest census median annual household figure income is now $82,316, it was $69,955 back in 2006, which is a net increase of $12,360 Subtract from that the median mortgage repayment increase of $4,356 and a mortgage broker’s clients could be up to $8,004 better off each year even without factoring in mortgage rate cuts.