Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in KENTHURST, 2156 is already $2,355,000, which makes it the number 70th in NSW on a list ordered by most expensive. Make sure that you get good KENTHURST mortgage broker to look for the best deal.
Between 2005 and 2011 the population of KENTHURST, 2156 grew an average of -74.00 people each year. This figure of 956.00% per annum means KENTHURST is one of the more rapidly growing suburbs in NSW.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $3,000 which is $800 more every month. As a percentage rise, this makes KENTHURST, 2156 the number 91th 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 KENTHURST, 2156 should have seen some difference. While the latest census median annual household figure income is now $109,668, it was $90,298 back in 2006, which is a net increase of $19,370 Subtract from that the median mortgage repayment increase of $9,600 and a mortgage broker’s clients could be up to $9,770 better off each year even without factoring in mortgage rate cuts.