WAMBERAL is one of the more expensive suburbs in NSW. Median home prices are $1,000,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $900,000 home loan.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 6198.00% population change in WAMBERAL 2260 is well above average.
WAMBERAL, 2260 has seen a substantial 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 $1,733 to $2,167.
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.