If you were to buy a house locally at the current median price of $790,000 and had 10% deposit, then you would need a mortgage for $711,000. This is quite a large mortgage compared to state.
Between 2005 and 2011 the population of ST JOHNS PARK, 2176 grew an average of 105.80 people each year. This figure of 1172.00% per annum means ST JOHNS PARK is one of the fastest growing suburbs in NSW.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-217 less than the median monthly home loan repayment in ST JOHNS PARK, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ST JOHNS PARK, 2176 should have seen some difference. While the latest census median annual household figure income is now $60,944, it was $55,837 back in 2006, which is a net increase of $5,106 Subtract from that the median mortgage repayment increase of $6,000 and a mortgage broker’s clients could be up to $-893 better off each year even without factoring in mortgage rate cuts.