Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then MARDI is number 1575th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service MARDI, 2259.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 3339.00% population change in MARDI 2259 is above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,997 which is $297 more every month. As a percentage rise, this makes MARDI, 2259 the number 1773th 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 MARDI, 2259 should have seen some difference. While the latest census median annual household figure income is now $69,160, it was $57,090 back in 2006, which is a net increase of $12,069 Subtract from that the median mortgage repayment increase of $3,564 and a mortgage broker’s clients could be up to $8,505 better off each year even without factoring in mortgage rate cuts.