NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with above the state figure, MEADOWBANK, 2114 figure of 983 represents a 3566.00% change.
MEADOWBANK 2114 homeowners are paying around 31.84% 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 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.