WICKHAM is one of the averagely priced suburbs in NSW. Median home prices are $669,750 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $602,775 home loan.
WICKHAM, 2293 is number 3688th in a list of the country’s fastest growing suburbs, and number 1126th in State. It has had an average population growth of 11.80 over the period between the last two national censuses.
WICKHAM 2293 homeowners are paying around 23.79% 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 WICKHAM, 2293 should have seen some difference. While the latest census median annual household figure income is now $56,836, it was $43,768 back in 2006, which is a net increase of $13,067 Subtract from that the median mortgage repayment increase of $3,996 and a mortgage broker’s clients could be up to $9,071 better off each year even without factoring in mortgage rate cuts.