House prices in OCEAN SHORES have seen quite a lot of growth over the last year, which means it's more important than ever to get a good NSW mortgage broker to help you choose the right home loan product.
OCEAN SHORES, 2483 is number 1367th in a list of the country’s fastest growing suburbs, and number 440th in State. It has had an average population growth of 38.00 over the period between the last two national censuses.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,733 which is $606 more every month. As a percentage rise, this makes OCEAN SHORES, 2483 the number 2627th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in OCEAN SHORES, 2483 should have seen some difference. While the latest census median annual household figure income is now $47,164, it was $39,171 back in 2006, which is a net increase of $7,992 Subtract from that the median mortgage repayment increase of $7,272 and a mortgage broker’s clients could be up to $720 better off each year even without factoring in mortgage rate cuts.