If you were to buy a house locally at the current median price of $222,500 and had 10% deposit, then you would need a mortgage for $200,250. This is relatively small mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with below the state figure, KEMPSEY, 2440 figure of -36 represents a 290.00% change.
With a median housing loan repayment of $1,159 a month, KEMPSEY , 2440 mortgage brokers are seeing mortgage holders paying $379 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 KEMPSEY, 2440 should have seen some difference. While the latest census median annual household figure income is now $30,212, it was $26,109 back in 2006, which is a net increase of $4,102 Subtract from that the median mortgage repayment increase of $4,548 and a mortgage broker’s clients could be up to $-445 better off each year even without factoring in mortgage rate cuts.