House prices in LORN have seen little 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.
Between 2005 and 2011 the population of LORN, 2320 grew an average of -7.40 people each year. This figure of 232.60% per annum means LORN is one of the average growth suburbs in NSW.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in LORN, 2320 rank at number 1273th in State or 4721th nationally when listed in order of median monthly mortgage payment.
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.