If you were to buy a house locally at the current median price of $1,291,000 and had 10% deposit, then you would need a mortgage for $1,161,900. This is a very large mortgage compared to state.
THORNLEIGH 2120 has seen a high level of growth in it’s population over the last five years.
Mortgage payments in THORNLEIGH , 2120 have increased by $600 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 THORNLEIGH, 2120 should have seen some difference. While the latest census median annual household figure income is now $102,128, it was $83,361 back in 2006, which is a net increase of $18,766 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $11,566 better off each year even without factoring in mortgage rate cuts.