SILVERDALE is one of the more expensive suburbs in NSW. Median home prices are $830,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $747,000 home loan.
SILVERDALE 2752 has seen steady growth in it’s population over the last five years.
SILVERDALE, 2752 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,741 to $2,200.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SILVERDALE, 2752 should have seen some difference. While the latest census median annual household figure income is now $93,912, it was $76,377 back in 2006, which is a net increase of $17,534 Subtract from that the median mortgage repayment increase of $5,502 and a mortgage broker’s clients could be up to $12,032 better off each year even without factoring in mortgage rate cuts.