Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then SUMMER HILL is number 261th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service SUMMER HILL, 2130.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, SUMMER HILL, 2130 figure of 456 represents a 6486.00% change.
Mortgage payments in SUMMER HILL , 2130 have increased by $358 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SUMMER HILL, 2130 should have seen some difference. While the latest census median annual household figure income is now $81,640, it was $60,351 back in 2006, which is a net increase of $21,288 Subtract from that the median mortgage repayment increase of $4,296 and a mortgage broker’s clients could be up to $16,992 better off each year even without factoring in mortgage rate cuts.