House prices in MARSFIELD have seen a high level of 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.
MARSFIELD 2122 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 $2,300 which is $369 more every month. As a percentage rise, this makes MARSFIELD, 2122 the number 639th 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 MARSFIELD, 2122 should have seen some difference. While the latest census median annual household figure income is now $73,476, it was $61,146 back in 2006, which is a net increase of $12,329 Subtract from that the median mortgage repayment increase of $4,434 and a mortgage broker’s clients could be up to $7,895 better off each year even without factoring in mortgage rate cuts.