With a net change of 983 people, MEADOWBANK 2114 has grown considerably when compared to other suburbs in NSW.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $483 more every month. As a percentage rise, this makes MEADOWBANK, 2114 the number 1453th 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 MEADOWBANK, 2114 should have seen some difference. While the latest census median annual household figure income is now $73,788, it was $54,137 back in 2006, which is a net increase of $19,650 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $13,854 better off each year even without factoring in mortgage rate cuts.