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 PICTON is number 1118th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service PICTON, 2571.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with above the state figure, PICTON, 2571 figure of 307 represents a 4494.00% change.
PICTON 2571 homeowners are paying around 25.04% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PICTON, 2571 should have seen some difference. While the latest census median annual household figure income is now $77,376, it was $61,620 back in 2006, which is a net increase of $15,756 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $10,548 better off each year even without factoring in mortgage rate cuts.