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 RIVERWOOD , 2210 is $1,050,000 this month which means that a mortgage for 80% of that value would be $840,000.
Across the whole country RIVERWOOD,2210 is number 452th fastest growing suburb by population growth, and 143th in State. Its population grew by 388 people over the last five years.
Mortgage brokers in RIVERWOOD, 2210 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,625 to $2,000.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RIVERWOOD, 2210 should have seen some difference. While the latest census median annual household figure income is now $42,952, it was $32,214 back in 2006, which is a net increase of $10,738 Subtract from that the median mortgage repayment increase of $4,500 and a mortgage broker’s clients could be up to $6,238 better off each year even without factoring in mortgage rate cuts.