MOUNT ANNAN is one of the averagely priced suburbs in NSW. Median home prices are $722,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $650,250 home loan.
Australia’s total population growth over the last five years has been 10439.00 This means that MOUNT ANNAN, 2567’s growth of 2157 people is well above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,200 which is $300 more every month. As a percentage rise, this makes MOUNT ANNAN, 2567 the number 767th 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 MOUNT ANNAN, 2567 should have seen some difference. While the latest census median annual household figure income is now $103,168, it was $82,882 back in 2006, which is a net increase of $20,285 Subtract from that the median mortgage repayment increase of $3,600 and a mortgage broker’s clients could be up to $16,685 better off each year even without factoring in mortgage rate cuts.