Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in TENTERFIELD, 2372 is already $250,000, which makes it the number 1404th in NSW on a list ordered by most expensive. Make sure that you get good TENTERFIELD mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 3865.00 This means that TENTERFIELD, 2372’s growth of 835 people is considerably above the mean for the country as a whole.
TENTERFIELD 2372 homeowners are paying around 41.73% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as 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 TENTERFIELD, 2372 should have seen some difference. While the latest census median annual household figure income is now $37,856, it was $30,248 back in 2006, which is a net increase of $7,607 Subtract from that the median mortgage repayment increase of $4,056 and a mortgage broker’s clients could be up to $3,551 better off each year even without factoring in mortgage rate cuts.