Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in SPEERS POINT, 2284 is already $615,000, which makes it the number 829th in NSW on a list ordered by most expensive. Make sure that you get good SPEERS POINT mortgage broker to look for the best deal.
SPEERS POINT, 2284 is number 1963th in a list of the country’s fastest growing suburbs, and number 617th in State. It has had an average population growth of 25.20 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in SPEERS POINT, 2284 rank at number 792th in State or 3434th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SPEERS POINT, 2284 should have seen some difference. While the latest census median annual household figure income is now $60,320, it was $46,836 back in 2006, which is a net increase of $13,483 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $8,287 better off each year even without factoring in mortgage rate cuts.