If you were to buy a house locally at the current median price of $1,185,000 and had 10% deposit, then you would need a mortgage for $1,066,500. This is quite a large mortgage compared to state.
Across the whole country SUTHERLAND,2232 is number 491th fastest growing suburb by population growth, and 154th in State. Its population grew by 408 people over the last five years.
SUTHERLAND 2232 homeowners are paying around 17.14% 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 SUTHERLAND, 2232 should have seen some difference. While the latest census median annual household figure income is now $71,500, it was $58,297 back in 2006, which is a net increase of $13,202 Subtract from that the median mortgage repayment increase of $3,744 and a mortgage broker’s clients could be up to $9,458 better off each year even without factoring in mortgage rate cuts.