No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in LAKE HAVEN , 2263 is $530,000 this month which means that a mortgage for 80% of that value would be $424,000.
Between 2005 and 2011 the population of LAKE HAVEN, 2263 grew an average of -49.20 people each year. This figure of 653.60% per annum means LAKE HAVEN 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 $1,595 which is $295 more every month. As a percentage rise, this makes LAKE HAVEN, 2263 the number 3472th 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 LAKE HAVEN, 2263 should have seen some difference. While the latest census median annual household figure income is now $36,296, it was $31,657 back in 2006, which is a net increase of $4,638 Subtract from that the median mortgage repayment increase of $3,540 and a mortgage broker’s clients could be up to $1,098 better off each year even without factoring in mortgage rate cuts.