House prices in WOLLONGONG have seen quite a lot of growth over the last year, which means it's more important than ever to get a good NSW mortgage broker to help you choose the right home loan product.
Between 2005 and 2011 the population of WOLLONGONG, 2500 grew an average of 470.60 people each year. This figure of 3323.20% per annum means WOLLONGONG is one of the fastest growing suburbs in NSW.
In NSW the median mortgage repayment has increased from $1,403 to $1,783 which is $-17 less than the median monthly home loan repayment in WOLLONGONG, NSW.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in WOLLONGONG, 2500 should have seen some difference. While the latest census median annual household figure income is now $50,232, it was $41,225 back in 2006, which is a net increase of $9,006 Subtract from that the median mortgage repayment increase of $3,168 and a mortgage broker’s clients could be up to $5,838 better off each year even without factoring in mortgage rate cuts.