HOMEBUSH WEST is one of the most expensive suburbs in NSW. Median home prices are $1,275,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,147,500 home loan.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, HOMEBUSH WEST, 2140 figure of 1608 represents a 5681.00% change.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in HOMEBUSH WEST, 2140 rank at number 1421th in State or 5116th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HOMEBUSH WEST, 2140 should have seen some difference. While the latest census median annual household figure income is now $68,536, it was $45,884 back in 2006, which is a net increase of $22,651 Subtract from that the median mortgage repayment increase of $3,204 and a mortgage broker’s clients could be up to $19,447 better off each year even without factoring in mortgage rate cuts.