If you were to buy a house locally at the current median price of $1,410,000 and had 10% deposit, then you would need a mortgage for $1,269,000. This is a very large mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, MASCOT, 2020 figure of 1661 represents a 10078.00% change.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-817 less than the median monthly home loan repayment in MASCOT, NSW.
The local median household income has increased by $374 which is a theoretical $29,276 available for a MASCOT mortgage broker to find a home loan.