House prices in SUMMER HILL have seen a high level of growth over the last year, which means it's more important than ever to get a good NSW mortgage broker to help you choose the right home loan product.
Across the whole country SUMMER HILL,2130 is number 925th fastest growing suburb by population growth, and 295th in State. Its population grew by 456 people over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in SUMMER HILL, 2130 rank at number 1096th in State or 4283th 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 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.