Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in MASCOT, 2020 is already $1,410,000, which makes it the number 257th in NSW on a list ordered by most expensive. Make sure that you get good MASCOT mortgage broker to look for the best deal.
With a net change of 1661 people, MASCOT 2020 has grown considerably when compared to other suburbs in NSW.
MASCOT 2020 homeowners are paying around 27.64% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MASCOT, 2020 should have seen some difference. While the latest census median annual household figure income is now $77,116, it was $57,642 back in 2006, which is a net increase of $19,474 Subtract from that the median mortgage repayment increase of $6,756 and a mortgage broker’s clients could be up to $12,718 better off each year even without factoring in mortgage rate cuts.