If you were to buy a house locally at the current median price of $913,500 and had 10% deposit, then you would need a mortgage for $822,150. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 7271.00 This means that SORRENTO, 6020’s growth of 24 people is well above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $650 more every month. As a percentage rise, this makes SORRENTO, 6020 the number 846th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Weekly gross incomes in SORRENTO, 6020 have increased by $482. In the same period median mortgage loan repayments have increased by $650.