If you were to buy a house locally at the current median price of $880,000 and had 10% deposit, then you would need a mortgage for $792,000. This is quite a large mortgage compared to state.
Between 2005 and 2011 the population of PUNCHBOWL, 2196 grew an average of 243.40 people each year. This figure of 3665.60% per annum means PUNCHBOWL is one of the fastest growing suburbs in NSW.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,950 which is $350 more every month. As a percentage rise, this makes PUNCHBOWL, 2196 the number 1843th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
The local median household income has increased by $134 which is a theoretical $18,200 available for a PUNCHBOWL mortgage broker to find a home loan.