If you’re looking to buy in PENSHURST then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased considerably to $1,300,000 over the last year.
With a net change of 493 people, PENSHURST 2222 has grown considerably when compared to other suburbs in NSW.
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.