If you were to buy a house locally at the current median price of $635,000 and had 10% deposit, then you would need a mortgage for $571,500. This is an average sized mortgage compared to state.
Australia’s total population growth over the last five years has been 5634.00 This means that POTTSVILLE, 2489’s growth of 1953 people is well above the mean for the country as a whole.
Mortgage brokers in POTTSVILLE, 2489 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,330 to $2,167.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in POTTSVILLE, 2489 should have seen some difference. While the latest census median annual household figure income is now $53,716, it was $40,846 back in 2006, which is a net increase of $12,870 Subtract from that the median mortgage repayment increase of $10,038 and a mortgage broker’s clients could be up to $2,832 better off each year even without factoring in mortgage rate cuts.