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 PADSTOW HEIGHTS is number 549th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service PADSTOW HEIGHTS, 2211.
PADSTOW HEIGHTS, 2211 is number 1845th in a list of the country’s fastest growing suburbs, and number 578th in State. It has had an average population growth of 9.00 over the period between the last two national censuses.
With a median housing loan repayment of $2,207 a month, PADSTOW HEIGHTS , 2211 mortgage brokers are seeing mortgage holders paying $438 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PADSTOW HEIGHTS, 2211 should have seen some difference. While the latest census median annual household figure income is now $73,580, it was $57,402 back in 2006, which is a net increase of $16,177 Subtract from that the median mortgage repayment increase of $5,262 and a mortgage broker’s clients could be up to $10,915 better off each year even without factoring in mortgage rate cuts.