No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in PENSHURST , 2222 is $1,300,000 this month which means that a mortgage for 80% of that value would be $1,040,000.
PENSHURST, 2222 is number 345th in a list of the country’s fastest growing suburbs, and number 104th in State. It has had an average population growth of 98.60 over the period between the last two national censuses.
PENSHURST, 2222 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,625 to $2,000.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PENSHURST, 2222 should have seen some difference. While the latest census median annual household figure income is now $67,704, it was $54,142 back in 2006, which is a net increase of $13,561 Subtract from that the median mortgage repayment increase of $4,500 and a mortgage broker’s clients could be up to $9,061 better off each year even without factoring in mortgage rate cuts.