There are a number of NEW TOWN, 7008 mortgage brokers that can help you find the right home loan. With median house prices at $506,000 for this TAS suburb, it's important that you have someone shop around and get you the best mortgage deal.
Between 2005 and 2011 the population of NEW TOWN, 7008 grew an average of 19.60 people each year. This figure of 1173.60% per annum means NEW TOWN is one of the fastest growing suburbs in TAS.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,625 which is $481 more every month. As a percentage rise, this makes NEW TOWN, 7008 the number 3252th 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 NEW TOWN, 7008 should have seen some difference. While the latest census median annual household figure income is now $53,976, it was $42,010 back in 2006, which is a net increase of $11,965 Subtract from that the median mortgage repayment increase of $5,772 and a mortgage broker’s clients could be up to $6,193 better off each year even without factoring in mortgage rate cuts.