NORTHBRIDGE is one of the most expensive suburbs in NSW. Median home prices are $3,225,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $2,902,500 home loan.
NORTHBRIDGE 2063 has seen considerable shrinkage in it’s population over the last five years.
With a median housing loan repayment of $3,250 a month, NORTHBRIDGE , 2063 mortgage brokers are seeing mortgage holders paying $550 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 NORTHBRIDGE, 2063 should have seen some difference. While the latest census median annual household figure income is now $136,656, it was $124,145 back in 2006, which is a net increase of $12,511 Subtract from that the median mortgage repayment increase of $6,600 and a mortgage broker’s clients could be up to $5,911 better off each year even without factoring in mortgage rate cuts.