Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then NORTH NARRABEEN is number 270th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service NORTH NARRABEEN, 2101.
Across the whole country NORTH NARRABEEN,2101 is number 1174th fastest growing suburb by population growth, and 378th in State. Its population grew by 257 people over the last five years.
NORTH NARRABEEN 2101 homeowners are paying around 35.39% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of NSW which is 29.63%.
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.