MILLTHORPE is one of the least expensive suburbs in NSW. Median home prices are $366,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $329,400 home loan.
Australia’s total population growth over the last five years has been 1009.00 This means that MILLTHORPE, 2798’s growth of -107 people is about the same as the mean for the country as a whole.
Mortgage brokers in MILLTHORPE, 2798 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,129 to $1,733.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MILLTHORPE, 2798 should have seen some difference. While the latest census median annual household figure income is now $83,252, it was $54,922 back in 2006, which is a net increase of $28,329 Subtract from that the median mortgage repayment increase of $7,248 and a mortgage broker’s clients could be up to $21,081 better off each year even without factoring in mortgage rate cuts.