GOULBURN is one of the less expensive suburbs in NSW. Median home prices are $400,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $360,000 home loan.
GOULBURN, 2580 is number 84th in a list of the country’s fastest growing suburbs, and number 27th in State. It has had an average population growth of 193.20 over the period between the last two national censuses.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $301 more than the median monthly home loan repayment in GOULBURN, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GOULBURN, 2580 should have seen some difference. While the latest census median annual household figure income is now $49,348, it was $41,064 back in 2006, which is a net increase of $8,283 Subtract from that the median mortgage repayment increase of $4,464 and a mortgage broker’s clients could be up to $3,819 better off each year even without factoring in mortgage rate cuts.