Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in FOREST LODGE, 2037 is already $1,463,110, which makes it the number 241th in NSW on a list ordered by most expensive. Make sure that you get good FOREST LODGE mortgage broker to look for the best deal.
FOREST LODGE 2037 has seen steady growth in it’s population over the last five years.
FOREST LODGE 2037 homeowners are paying around 36.36% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as 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 FOREST LODGE, 2037 should have seen some difference. While the latest census median annual household figure income is now $92,196, it was $79,336 back in 2006, which is a net increase of $12,859 Subtract from that the median mortgage repayment increase of $9,600 and a mortgage broker’s clients could be up to $3,259 better off each year even without factoring in mortgage rate cuts.