If you were to buy a house locally at the current median price of $917,750 and had 10% deposit, then you would need a mortgage for $825,975. This is quite a large mortgage compared to state.
Across the whole country WAMBERAL,2260 is number 974th fastest growing suburb by population growth, and 312th in State. Its population grew by 582 people over the last five years.
With a median housing loan repayment of $2,167 a month, WAMBERAL , 2260 mortgage brokers are seeing mortgage holders paying $434 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WAMBERAL, 2260 should have seen some difference. While the latest census median annual household figure income is now $80,704, it was $58,401 back in 2006, which is a net increase of $22,302 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $17,094 better off each year even without factoring in mortgage rate cuts.