ROSSMORE is one of the most expensive suburbs in NSW. Median home prices are $2,400,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $2,160,000 home loan.
Australia’s total population growth over the last five years has been 2311.00 This means that ROSSMORE, 2557’s growth of -3 people is considerably above the mean for the country as a whole.
With a median housing loan repayment of $2,167 a month, ROSSMORE , 2557 mortgage brokers are seeing mortgage holders paying $434 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ROSSMORE, 2557 should have seen some difference. While the latest census median annual household figure income is now $66,768, it was $57,465 back in 2006, which is a net increase of $9,302 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $4,094 better off each year even without factoring in mortgage rate cuts.