Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in GRIFFITH, 2680 is already $308,000, which makes it the number 1326th in NSW on a list ordered by most expensive. Make sure that you get good GRIFFITH mortgage broker to look for the best deal.
GRIFFITH, 2680 is number 143th in a list of the country’s fastest growing suburbs, and number 44th in State. It has had an average population growth of 229.40 over the period between the last two national censuses.
With a median housing loan repayment of $1,595 a month, GRIFFITH , 2680 mortgage brokers are seeing mortgage holders paying $295 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GRIFFITH, 2680 should have seen some difference. While the latest census median annual household figure income is now $52,780, it was $48,172 back in 2006, which is a net increase of $4,607 Subtract from that the median mortgage repayment increase of $3,540 and a mortgage broker’s clients could be up to $1,067 better off each year even without factoring in mortgage rate cuts.