If you were to buy a house locally at the current median price of $785,000 and had 10% deposit, then you would need a mortgage for $706,500. This is quite a large mortgage compared to state.
Between 2005 and 2011 the population of NORTH RICHMOND, 2754 grew an average of 25.40 people each year. This figure of 900.00% per annum means NORTH RICHMOND is one of the more rapidly growing suburbs in NSW.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $483 more every month. As a percentage rise, this makes NORTH RICHMOND, 2754 the number 1453th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $172 which is a theoretical $25,116 available for a NORTH RICHMOND mortgage broker to find a home loan.