Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in SOUTH COOGEE, 2034 is already $2,351,000, which makes it the number 78th in NSW on a list ordered by most expensive. Make sure that you get good SOUTH COOGEE mortgage broker to look for the best deal.
With a net change of -291 people, SOUTH COOGEE 2034 has has shrunk quite a lot when compared to other suburbs in NSW.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $3,100 which is $604 more every month. As a percentage rise, this makes SOUTH COOGEE, 2034 the number 72th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SOUTH COOGEE, 2034 should have seen some difference. While the latest census median annual household figure income is now $55,380, it was $44,226 back in 2006, which is a net increase of $11,154 Subtract from that the median mortgage repayment increase of $7,248 and a mortgage broker’s clients could be up to $3,906 better off each year even without factoring in mortgage rate cuts.