Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in NOWRA, 2541 is already $399,000, which makes it the number 1193th in NSW on a list ordered by most expensive. Make sure that you get good NOWRA mortgage broker to look for the best deal.
NOWRA 2541 has seen steady growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,300 which is $217 more every month. As a percentage rise, this makes NOWRA, 2541 the number 4574th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, NOWRA NSW would be 653th with 43.92.