If you were to buy a house locally at the current median price of $820,000 and had 10% deposit, then you would need a mortgage for $738,000. This is quite a large mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with above the state figure, WAKELEY, 2176 figure of -97 represents a 4570.00% change.
WAKELEY, 2176 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase 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.