Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in WATERLOO, 2017 is already $1,332,500, which makes it the number 287th in NSW on a list ordered by most expensive. Make sure that you get good WATERLOO mortgage broker to look for the best deal.
WATERLOO, 2017 is number 415th in a list of the country’s fastest growing suburbs, and number 127th in State. It has had an average population growth of 429.60 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in WATERLOO, 2017 rank at number 1187th in State or 4506th nationally when listed in order of median monthly mortgage payment.
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.