If you’re looking to buy in HORNINGSEA PARK then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $790,000 over the last year.
Between 2005 and 2011 the population of HORNINGSEA PARK, 2171 grew an average of 30.60 people each year. This figure of 713.60% per annum means HORNINGSEA PARK is one of the more rapidly growing suburbs in NSW.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in HORNINGSEA PARK, 2171 rank at number 550th in State or 2633th 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 HORNINGSEA PARK, 2171 should have seen some difference. While the latest census median annual household figure income is now $93,184, it was $75,722 back in 2006, which is a net increase of $17,461 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $11,461 better off each year even without factoring in mortgage rate cuts.