House prices in LAMBTON have seen quite a lot of growth over the last year, which means it's more important than ever to get a good NSW mortgage broker to help you choose the right home loan product.
LAMBTON, 2299 is number 1330th in a list of the country’s fastest growing suburbs, and number 427th in State. It has had an average population growth of 63.80 over the period between the last two national censuses.
LAMBTON 2299 homeowners are paying around 23.79% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LAMBTON, 2299 should have seen some difference. While the latest census median annual household figure income is now $59,332, it was $48,256 back in 2006, which is a net increase of $11,076 Subtract from that the median mortgage repayment increase of $3,996 and a mortgage broker’s clients could be up to $7,080 better off each year even without factoring in mortgage rate cuts.