No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in GRANVILLE , 2142 is $795,000 this month which means that a mortgage for 80% of that value would be $636,000.
Between 2005 and 2011 the population of GRANVILLE, 2142 grew an average of -1780.40 people each year. This figure of 2777.80% per annum means GRANVILLE is one of the fastest growing suburbs in NSW.
GRANVILLE 2142 homeowners are paying around 17.14% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much less than 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 GRANVILLE, 2142 should have seen some difference. While the latest census median annual household figure income is now $56,472, it was $40,367 back in 2006, which is a net increase of $16,104 Subtract from that the median mortgage repayment increase of $3,120 and a mortgage broker’s clients could be up to $12,984 better off each year even without factoring in mortgage rate cuts.