No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in RICHMOND , 2753 is $690,000 this month which means that a mortgage for 80% of that value would be $552,000.
RICHMOND, 2753 is number 1248th in a list of the country’s fastest growing suburbs, and number 401th in State. It has had an average population growth of -57.60 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in RICHMOND, 2753 rank at number 1164th in State or 4447th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RICHMOND, 2753 should have seen some difference. While the latest census median annual household figure income is now $49,400, it was $42,499 back in 2006, which is a net increase of $6,900 Subtract from that the median mortgage repayment increase of $4,098 and a mortgage broker’s clients could be up to $2,802 better off each year even without factoring in mortgage rate cuts.