WAKELEY is one of the more expensive suburbs in NSW. Median home prices are $811,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $730,350 home loan.
WAKELEY 2176 has seen considerable shrinkage in it’s population over the last five years.
Mortgage brokers in WAKELEY, 2176 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,550 to $1,990.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WAKELEY, 2176 should have seen some difference. While the latest census median annual household figure income is now $64,272, it was $57,413 back in 2006, which is a net increase of $6,858 Subtract from that the median mortgage repayment increase of $5,274 and a mortgage broker’s clients could be up to $1,584 better off each year even without factoring in mortgage rate cuts.