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 LIDCOMBE , 2141 is $1,120,000 this month which means that a mortgage for 80% of that value would be $896,000.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, LIDCOMBE, 2141 figure of 2507 represents a 16570.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $267 more every month. As a percentage rise, this makes LIDCOMBE, 2141 the number 1453th 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 LIDCOMBE, 2141 should have seen some difference. While the latest census median annual household figure income is now $63,960, it was $51,552 back in 2006, which is a net increase of $12,407 Subtract from that the median mortgage repayment increase of $3,204 and a mortgage broker’s clients could be up to $9,203 better off each year even without factoring in mortgage rate cuts.