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 YOUNG is number 3861th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service YOUNG, 2594.
The average suburb population growth in NSW has been 3164.30% since 2006, so the 9938.00% population change in YOUNG 2594 is well above average.
YOUNG, 2594 has seen a low increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $975 to $1,300.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in YOUNG, 2594 should have seen some difference. While the latest census median annual household figure income is now $42,276, it was $36,426 back in 2006, which is a net increase of $5,850 Subtract from that the median mortgage repayment increase of $3,900 and a mortgage broker’s clients could be up to $1,950 better off each year even without factoring in mortgage rate cuts.