Across the whole country NEWCASTLE WEST,2302 is number 4351th fastest growing suburb by population growth, and 1329th in State. Its population grew by 241 people over the last five years.
Mortgage brokers in NEWCASTLE WEST, 2302 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,714 to $1,950.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NEWCASTLE WEST, 2302 should have seen some difference. While the latest census median annual household figure income is now $62,400, it was $49,790 back in 2006, which is a net increase of $12,610 Subtract from that the median mortgage repayment increase of $2,832 and a mortgage broker’s clients could be up to $9,778 better off each year even without factoring in mortgage rate cuts.