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 LORN , 2320 is $560,000 this month which means that a mortgage for 80% of that value would be $448,000.
Australia’s total population growth over the last five years has been 1163.00 This means that LORN, 2320’s growth of -37 people is about the same as the mean for the country as a whole.
Mortgage payments in LORN , 2320 have increased by $315 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LORN, 2320 should have seen some difference. While the latest census median annual household figure income is now $72,904, it was $57,298 back in 2006, which is a net increase of $15,605 Subtract from that the median mortgage repayment increase of $3,780 and a mortgage broker’s clients could be up to $11,825 better off each year even without factoring in mortgage rate cuts.