If you were to buy a house locally at the current median price of $1,578,000 and had 10% deposit, then you would need a mortgage for $1,420,200. This is a very large mortgage compared to state.
WEST RYDE 2114 has seen a high level of growth in it’s population over the last five years.
With a median housing loan repayment of $2,167 a month, WEST RYDE , 2114 mortgage brokers are seeing mortgage holders paying $411 more than 2006.
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.