Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then ILLAWONG is number 417th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service ILLAWONG, 2234.
Across the whole country ILLAWONG,2234 is number 808th fastest growing suburb by population growth, and 254th in State. Its population grew by -219 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,492 which is $668 more every month. As a percentage rise, this makes ILLAWONG, 2234 the number 460th 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 ILLAWONG, 2234 should have seen some difference. While the latest census median annual household figure income is now $118,924, it was $103,522 back in 2006, which is a net increase of $15,402 Subtract from that the median mortgage repayment increase of $8,016 and a mortgage broker’s clients could be up to $7,386 better off each year even without factoring in mortgage rate cuts.