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 PADDINGTON is number 87th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service PADDINGTON, 2021.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, PADDINGTON, 2021 figure of 473 represents a 12035.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $3,467 which is $867 more every month. As a percentage rise, this makes PADDINGTON, 2021 the number 36th 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 PADDINGTON, 2021 should have seen some difference. While the latest census median annual household figure income is now $119,080, it was $96,283 back in 2006, which is a net increase of $22,796 Subtract from that the median mortgage repayment increase of $10,404 and a mortgage broker’s clients could be up to $12,392 better off each year even without factoring in mortgage rate cuts.