There are a number of SUMMER HILL, 2130 mortgage brokers that can help you find the right home loan. With median house prices at $1,575,000 for this NSW suburb, it's important that you have someone shop around and get you the best mortgage deal.
Between 2005 and 2011 the population of SUMMER HILL, 2130 grew an average of 91.20 people each year. This figure of 1297.20% per annum means SUMMER HILL is one of the fastest growing suburbs in NSW.
SUMMER HILL 2130 homeowners are paying around 20.55% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much less than the median average increase of NSW which is 29.63%.
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.