SUTHERLAND is one of the more expensive suburbs in NSW. Median home prices are $1,140,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $1,026,000 home loan.
SUTHERLAND, 2232 is number 491th in a list of the country’s fastest growing suburbs, and number 154th in State. It has had an average population growth of 81.60 over the period between the last two national censuses.
Mortgage payments in SUTHERLAND , 2232 have increased by $312 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 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.