If you were to buy a house locally at the current median price of $1,450,000 and had 10% deposit, then you would need a mortgage for $1,305,000. This is a very large mortgage compared to state.
With a net change of 257 people, NORTH NARRABEEN 2101 has grown when compared to other suburbs in NSW.
With a median housing loan repayment of $2,934 a month, NORTH NARRABEEN , 2101 mortgage brokers are seeing mortgage holders paying $767 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORTH NARRABEEN, 2101 should have seen some difference. While the latest census median annual household figure income is now $93,236, it was $73,912 back in 2006, which is a net increase of $19,323 Subtract from that the median mortgage repayment increase of $9,204 and a mortgage broker’s clients could be up to $10,119 better off each year even without factoring in mortgage rate cuts.