Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then WATERLOO is number 461th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service WATERLOO, 2017.
Australia’s total population growth over the last five years has been 10557.00 This means that WATERLOO, 2017’s growth of 2148 people is well above the mean for the country as a whole.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-717 less than the median monthly home loan repayment in WATERLOO, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WATERLOO, 2017 should have seen some difference. While the latest census median annual household figure income is now $47,060, it was $28,948 back in 2006, which is a net increase of $18,111 Subtract from that the median mortgage repayment increase of $3,996 and a mortgage broker’s clients could be up to $14,115 better off each year even without factoring in mortgage rate cuts.