No matter where in NSW you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in SHELLHARBOUR , 2529 is $837,500 this month which means that a mortgage for 80% of that value would be $670,000.
Australia’s total population growth over the last five years has been 3226.00 This means that SHELLHARBOUR, 2529’s growth of 22 people is considerably above the mean for the country as a whole.
SHELLHARBOUR 2529 homeowners are paying around 17.34% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much less than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SHELLHARBOUR, 2529 should have seen some difference. While the latest census median annual household figure income is now $62,816, it was $54,886 back in 2006, which is a net increase of $7,930 Subtract from that the median mortgage repayment increase of $3,192 and a mortgage broker’s clients could be up to $4,738 better off each year even without factoring in mortgage rate cuts.