OATLANDS is one of the most expensive suburbs in NSW. Median home prices are $1,600,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,440,000 home loan.
Across the whole country OATLANDS,2117 is number 1235th fastest growing suburb by population growth, and 396th in State. Its population grew by -20 people over the last five years.
Mortgage brokers in OATLANDS, 2117 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $2,000 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 OATLANDS, 2117 should have seen some difference. While the latest census median annual household figure income is now $86,632, it was $72,924 back in 2006, which is a net increase of $13,707 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $7,707 better off each year even without factoring in mortgage rate cuts.