MOUNT HUTTON is one of the less expensive suburbs in NSW. Median home prices are $482,284 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $434,056 home loan.
MOUNT HUTTON 2290 has seen not much change in it’s population over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in MOUNT HUTTON, 2290 rank at number 475th in State or 2295th 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 MOUNT HUTTON, 2290 should have seen some difference. While the latest census median annual household figure income is now $52,676, it was $37,674 back in 2006, which is a net increase of $15,002 Subtract from that the median mortgage repayment increase of $6,480 and a mortgage broker’s clients could be up to $8,522 better off each year even without factoring in mortgage rate cuts.