SEAFORTH is one of the most expensive suburbs in NSW. Median home prices are $2,385,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $2,146,500 home loan.
SEAFORTH 2092 has seen steady growth in it’s population over the last five years.
With a median housing loan repayment of $3,500 a month, SEAFORTH , 2092 mortgage brokers are seeing mortgage holders paying $700 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 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.