If you were to buy a house locally at the current median price of $1,300,000 and had 10% deposit, then you would need a mortgage for $1,170,000. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of NORTH ROCKS, 2151 grew an average of 78.20 people each year. This figure of 1505.00% per annum means NORTH ROCKS is one of the fastest growing suburbs in NSW.
NORTH ROCKS, 2151 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,924 to $2,500.
The local median household income has increased by $271 which is a theoretical $29,952 available for a NORTH ROCKS mortgage broker to find a home loan.