Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in RYDE, 2112 is already $1,620,000, which makes it the number 179th in NSW on a list ordered by most expensive. Make sure that you get good RYDE mortgage broker to look for the best deal.
Between 2005 and 2011 the population of RYDE, 2112 grew an average of 243.40 people each year. This figure of 4299.60% per annum means RYDE is one of the fastest growing suburbs in NSW.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-517 less than the median monthly home loan repayment in RYDE, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RYDE, 2112 should have seen some difference. While the latest census median annual household figure income is now $71,760, it was $57,652 back in 2006, which is a net increase of $14,107 Subtract from that the median mortgage repayment increase of $4,716 and a mortgage broker’s clients could be up to $9,391 better off each year even without factoring in mortgage rate cuts.