There are a number of PARAP, 0820 mortgage brokers that can help you find the right home loan. With median house prices at $700,000 for this NT suburb, it's important that you have someone shop around and get you the best mortgage deal.
Between 2005 and 2011 the population of PARAP, 0820 grew an average of 34.80 people each year. This figure of 375.00% per annum means PARAP is one of the average growth suburbs in NT.
PARAP 0820 homeowners are paying around 69.25% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much more than the median average increase of NT which is 56.72%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PARAP, 0820 should have seen some difference. While the latest census median annual household figure income is now $108,264, it was $65,109 back in 2006, which is a net increase of $43,154 Subtract from that the median mortgage repayment increase of $11,700 and a mortgage broker’s clients could be up to $31,454 better off each year even without factoring in mortgage rate cuts.