SEAFORTH is one of the most expensive suburbs in NSW. Median home prices are $2,639,900 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $2,375,910 home loan.
Across the whole country SEAFORTH,2092 is number 895th fastest growing suburb by population growth, and 284th in State. Its population grew by 369 people over the last five years.
Mortgage brokers in SEAFORTH, 2092 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $2,800 to $3,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SEAFORTH, 2092 should have seen some difference. While the latest census median annual household figure income is now $132,756, it was $108,571 back in 2006, which is a net increase of $24,185 Subtract from that the median mortgage repayment increase of $8,400 and a mortgage broker’s clients could be up to $15,785 better off each year even without factoring in mortgage rate cuts.