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 NORTHMEAD is number 527th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service NORTHMEAD, 2152.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, NORTHMEAD, 2152 figure of 3253 represents a 10123.00% change.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-517 less than the median monthly home loan repayment in NORTHMEAD, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORTHMEAD, 2152 should have seen some difference. While the latest census median annual household figure income is now $72,228, it was $66,128 back in 2006, which is a net increase of $6,099 Subtract from that the median mortgage repayment increase of $5,496 and a mortgage broker’s clients could be up to $603 better off each year even without factoring in mortgage rate cuts.