If you were to buy a house locally at the current median price of $760,000 and had 10% deposit, then you would need a mortgage for $684,000. This is quite a large mortgage compared to state.
QUAKERS HILL 2763 has seen a high level of growth in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $367 more every month. As a percentage rise, this makes QUAKERS HILL, 2763 the number 846th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in QUAKERS HILL, 2763 should have seen some difference. While the latest census median annual household figure income is now $90,948, it was $72,852 back in 2006, which is a net increase of $18,096 Subtract from that the median mortgage repayment increase of $4,404 and a mortgage broker’s clients could be up to $13,692 better off each year even without factoring in mortgage rate cuts.