House prices in FRENCHS FOREST have seen a high level of growth over the last year, which means it's more important than ever to get a good NSW mortgage broker to help you choose the right home loan product.
Across the whole country FRENCHS FOREST,2086 is number 267th fastest growing suburb by population growth, and 77th in State. Its population grew by 635 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,905 which is $705 more every month. As a percentage rise, this makes FRENCHS FOREST, 2086 the number 146th 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 FRENCHS FOREST, 2086 should have seen some difference. While the latest census median annual household figure income is now $111,020, it was $90,116 back in 2006, which is a net increase of $20,904 Subtract from that the median mortgage repayment increase of $8,460 and a mortgage broker’s clients could be up to $12,444 better off each year even without factoring in mortgage rate cuts.