If you were to buy a house locally at the current median price of $565,000 and had 10% deposit, then you would need a mortgage for $508,500. This is an average sized mortgage compared to state.
NSW has seen an average of 3164.30% rowth over the last 5 years. This means that with pretty equal to the state figure, WINDSOR, 2756 figure of 132 represents a 1703.00% change.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,950 which is $433 more every month. As a percentage rise, this makes WINDSOR, 2756 the number 1843th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WINDSOR, 2756 should have seen some difference. While the latest census median annual household figure income is now $52,104, it was $48,547 back in 2006, which is a net increase of $3,556 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $-1,639 better off each year even without factoring in mortgage rate cuts.