If you were to buy a house locally at the current median price of $1,123,000 and had 10% deposit, then you would need a mortgage for $1,010,700. This is quite a large mortgage compared to state.
KELLYVILLE, 2155 is number 92th in a list of the country’s fastest growing suburbs, and number 29th in State. It has had an average population growth of 395.60 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,600 which is $433 more every month. As a percentage rise, this makes KELLYVILLE, 2155 the number 243th 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 KELLYVILLE, 2155 should have seen some difference. While the latest census median annual household figure income is now $117,052, it was $97,224 back in 2006, which is a net increase of $19,827 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $14,631 better off each year even without factoring in mortgage rate cuts.