If you were to buy a house locally at the current median price of $1,200,000 and had 10% deposit, then you would need a mortgage for $1,080,000. This is quite a large mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, KIRRAWEE, 2232 figure of 32 represents a 8877.00% change.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-713 less than the median monthly home loan repayment in KIRRAWEE, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KIRRAWEE, 2232 should have seen some difference. While the latest census median annual household figure income is now $72,124, it was $60,507 back in 2006, which is a net increase of $11,616 Subtract from that the median mortgage repayment increase of $6,552 and a mortgage broker’s clients could be up to $5,064 better off each year even without factoring in mortgage rate cuts.