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 ROCKS is number 407th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service NORTH ROCKS, 2151.
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.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORTH ROCKS, 2151 should have seen some difference. While the latest census median annual household figure income is now $98,332, it was $84,203 back in 2006, which is a net increase of $14,128 Subtract from that the median mortgage repayment increase of $6,912 and a mortgage broker’s clients could be up to $7,216 better off each year even without factoring in mortgage rate cuts.