Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in WAMBERAL, 2260 is already $905,000, which makes it the number 432th in NSW on a list ordered by most expensive. Make sure that you get good WAMBERAL mortgage broker to look for the best deal.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with well above the state figure, WAMBERAL, 2260 figure of 582 represents a 6198.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $434 more every month. As a percentage rise, this makes WAMBERAL, 2260 the number 846th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
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.