If you were to buy a house locally at the current median price of $3,210,000 and had 10% deposit, then you would need a mortgage for $2,889,000. This is a very large mortgage compared to state.
ROSE BAY 2029 has seen a high level of growth in it’s population over the last five years.
Mortgage brokers in ROSE BAY, 2029 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $2,500 to $2,877.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ROSE BAY, 2029 should have seen some difference. While the latest census median annual household figure income is now $99,216, it was $83,460 back in 2006, which is a net increase of $15,756 Subtract from that the median mortgage repayment increase of $4,524 and a mortgage broker’s clients could be up to $11,232 better off each year even without factoring in mortgage rate cuts.