If you were to buy a house locally at the current median price of $600,000 and had 10% deposit, then you would need a mortgage for $540,000. This is an average sized mortgage compared to state.
Across the whole country NELSON BAY,2315 is number 1215th fastest growing suburb by population growth, and 390th in State. Its population grew by 1283 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,800 which is $500 more every month. As a percentage rise, this makes NELSON BAY, 2315 the number 2379th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The median mortgage repayment in NELSON BAY, NSW is 44.67% of the median household income.