If you were to buy a house locally at the current median price of $2,555,000 and had 10% deposit, then you would need a mortgage for $2,299,500. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of NORTH CURL CURL, 2099 grew an average of 33.40 people each year. This figure of 687.40% per annum means NORTH CURL CURL is one of the more rapidly growing suburbs in NSW.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in NORTH CURL CURL, 2099 rank at number 294th in State or 1486th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORTH CURL CURL, 2099 should have seen some difference. While the latest census median annual household figure income is now $116,168, it was $88,472 back in 2006, which is a net increase of $27,695 Subtract from that the median mortgage repayment increase of $7,704 and a mortgage broker’s clients could be up to $19,991 better off each year even without factoring in mortgage rate cuts.