Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in FIGTREE, 2525 is already $730,000, which makes it the number 630th in NSW on a list ordered by most expensive. Make sure that you get good FIGTREE mortgage broker to look for the best deal.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 10529.00% population change in FIGTREE 2525 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $483 more every month. As a percentage rise, this makes FIGTREE, 2525 the number 1453th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in FIGTREE, 2525 should have seen some difference. While the latest census median annual household figure income is now $72,488, it was $60,658 back in 2006, which is a net increase of $11,830 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $6,034 better off each year even without factoring in mortgage rate cuts.