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 GEORGES HALL is number 729th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service GEORGES HALL, 2198.
Between 2005 and 2011 the population of GEORGES HALL, 2198 grew an average of 124.00 people each year. This figure of 1713.80% per annum means GEORGES HALL is one of the fastest growing suburbs in NSW.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $434 more every month. As a percentage rise, this makes GEORGES HALL, 2198 the number 846th 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 GEORGES HALL, 2198 should have seen some difference. While the latest census median annual household figure income is now $68,900, it was $61,136 back in 2006, which is a net increase of $7,763 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $2,555 better off each year even without factoring in mortgage rate cuts.