TWEED HEADS SOUTH is one of the less expensive suburbs in NSW. Median home prices are $467,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $420,300 home loan.
TWEED HEADS SOUTH 2486 has seen a high level of growth in it’s population over the last five years.
Mortgage brokers in TWEED HEADS SOUTH, 2486 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,300 to $1,700.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in TWEED HEADS SOUTH, 2486 should have seen some difference. While the latest census median annual household figure income is now $34,424, it was $28,984 back in 2006, which is a net increase of $5,439 Subtract from that the median mortgage repayment increase of $4,800 and a mortgage broker’s clients could be up to $639 better off each year even without factoring in mortgage rate cuts.