There are a number of GERRINGONG, 2534 mortgage brokers that can help you find the right home loan. With median house prices at $855,000 for this NSW suburb, it's important that you have someone shop around and get you the best mortgage deal.
Between 2005 and 2011 the population of GERRINGONG, 2534 grew an average of 12.40 people each year. This figure of 671.20% per annum means GERRINGONG is one of the more rapidly growing suburbs in NSW.
GERRINGONG, 2534 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 $1,400 to $1,950.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GERRINGONG, 2534 should have seen some difference. While the latest census median annual household figure income is now $61,672, it was $55,213 back in 2006, which is a net increase of $6,458 Subtract from that the median mortgage repayment increase of $6,600 and a mortgage broker’s clients could be up to $-141 better off each year even without factoring in mortgage rate cuts.