NICHOLLS is one of the more expensive suburbs in ACT. Median home prices are $815,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $733,500 home loan.
NICHOLLS, 2913 is number 861th in a list of the country’s fastest growing suburbs, and number 7th in State. It has had an average population growth of -7.80 over the period between the last two national censuses.
In ACT the median mortgage repayment has increased from $1,437 to $2,110 which is $-57 less than the median monthly home loan repayment in NICHOLLS, ACT.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NICHOLLS, 2913 should have seen some difference. While the latest census median annual household figure income is now $134,316, it was $110,848 back in 2006, which is a net increase of $23,467 Subtract from that the median mortgage repayment increase of $4,944 and a mortgage broker’s clients could be up to $18,523 better off each year even without factoring in mortgage rate cuts.