GREYSTANES is one of the more expensive suburbs in NSW. Median home prices are $858,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $772,200 home loan.
With a net change of 1562 people, GREYSTANES 2145 has grown considerably when compared to other 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 GREYSTANES, 2145 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 GREYSTANES, 2145 should have seen some difference. While the latest census median annual household figure income is now $71,708, it was $60,741 back in 2006, which is a net increase of $10,966 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $5,758 better off each year even without factoring in mortgage rate cuts.