Across the whole country NEWCASTLE,2300 is number 2456th fastest growing suburb by population growth, and 768th in State. Its population grew by 645 people over the last five years.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-466 less than the median monthly home loan repayment in NEWCASTLE, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NEWCASTLE, 2300 should have seen some difference. While the latest census median annual household figure income is now $91,000, it was $62,218 back in 2006, which is a net increase of $28,782 Subtract from that the median mortgage repayment increase of $4,476 and a mortgage broker’s clients could be up to $24,306 better off each year even without factoring in mortgage rate cuts.