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 KOTARA is number 1766th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service KOTARA, 2289.
With a net change of -30 people, KOTARA 2289 has has shrunk when compared to other suburbs in NSW.
KOTARA, 2289 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,300 to $1,863.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KOTARA, 2289 should have seen some difference. While the latest census median annual household figure income is now $67,444, it was $53,253 back in 2006, which is a net increase of $14,190 Subtract from that the median mortgage repayment increase of $6,756 and a mortgage broker’s clients could be up to $7,434 better off each year even without factoring in mortgage rate cuts.