LAVENDER BAY, 2060 is number 3826th in a list of the country’s fastest growing suburbs, and number 1173th in State. It has had an average population growth of -11.80 over the period between the last two national censuses.
LAVENDER BAY 2060 homeowners are paying around 20.00% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much 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 LAVENDER BAY, 2060 should have seen some difference. While the latest census median annual household figure income is now $101,244, it was $94,801 back in 2006, which is a net increase of $6,442 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $442 better off each year even without factoring in mortgage rate cuts.