MEREWETHER is one of the most expensive suburbs in NSW. Median home prices are $1,331,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,198,350 home loan.
Across the whole country MEREWETHER,2291 is number 435th fastest growing suburb by population growth, and 137th in State. Its population grew by 100 people over the last five years.
MEREWETHER, 2291 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,646 to $2,167.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MEREWETHER, 2291 should have seen some difference. While the latest census median annual household figure income is now $81,068, it was $58,032 back in 2006, which is a net increase of $23,036 Subtract from that the median mortgage repayment increase of $6,252 and a mortgage broker’s clients could be up to $16,784 better off each year even without factoring in mortgage rate cuts.