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 WEST RYDE is number 229th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service WEST RYDE, 2114.
WEST RYDE, 2114 is number 331th in a list of the country’s fastest growing suburbs, and number 99th in State. It has had an average population growth of 132.60 over the period between the last two national censuses.
WEST RYDE 2114 homeowners are paying around 23.41% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of NSW which is 29.63%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WEST RYDE, 2114 should have seen some difference. While the latest census median annual household figure income is now $72,384, it was $55,764 back in 2006, which is a net increase of $16,619 Subtract from that the median mortgage repayment increase of $4,932 and a mortgage broker’s clients could be up to $11,687 better off each year even without factoring in mortgage rate cuts.