If you were to buy a house locally at the current median price of $1,077,500 and had 10% deposit, then you would need a mortgage for $969,750. This is quite a large mortgage compared to state.
With a net change of 388 people, RIVERWOOD 2210 has grown considerably when compared to other suburbs in NSW.
Mortgage payments in RIVERWOOD , 2210 have increased by $375 over the 5-year census period.
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.