There are a number of NEWCASTLE, 2300 mortgage brokers that can help you find the right home loan. With median house prices at $985,000 for this NSW suburb, it's important that you have someone shop around and get you the best mortgage deal.
NEWCASTLE, 2300 is number 2456th in a list of the country’s fastest growing suburbs, and number 768th in State. It has had an average population growth of 129.00 over the period between the last two national censuses.
NEWCASTLE, 2300 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,876 to $2,249.
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.