Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in OYSTER BAY, 2225 is already $1,350,000, which makes it the number 264th in NSW on a list ordered by most expensive. Make sure that you get good OYSTER BAY mortgage broker to look for the best deal.
OYSTER BAY, 2225 is number 1204th in a list of the country’s fastest growing suburbs, and number 389th in State. It has had an average population growth of 89.40 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 $2,880 which is $880 more every month. As a percentage rise, this makes OYSTER BAY, 2225 the number 157th 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 OYSTER BAY, 2225 should have seen some difference. While the latest census median annual household figure income is now $113,152, it was $88,280 back in 2006, which is a net increase of $24,871 Subtract from that the median mortgage repayment increase of $10,560 and a mortgage broker’s clients could be up to $14,311 better off each year even without factoring in mortgage rate cuts.