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 LEICHHARDT , 2040 is $1,520,500 this month which means that a mortgage for 80% of that value would be $1,216,400.
LEICHHARDT 2040 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,817 which is $617 more every month. As a percentage rise, this makes LEICHHARDT, 2040 the number 164th 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 LEICHHARDT, 2040 should have seen some difference. While the latest census median annual household figure income is now $100,048, it was $78,811 back in 2006, which is a net increase of $21,236 Subtract from that the median mortgage repayment increase of $7,404 and a mortgage broker’s clients could be up to $13,832 better off each year even without factoring in mortgage rate cuts.