Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then MONA VALE is number 205th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service MONA VALE, 2103.
MONA VALE, 2103 is number 465th in a list of the country’s fastest growing suburbs, and number 148th in State. It has had an average population growth of 125.60 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in MONA VALE, 2103 rank at number 714th in State or 3192th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MONA VALE, 2103 should have seen some difference. While the latest census median annual household figure income is now $87,672, it was $65,676 back in 2006, which is a net increase of $21,996 Subtract from that the median mortgage repayment increase of $5,400 and a mortgage broker’s clients could be up to $16,596 better off each year even without factoring in mortgage rate cuts.