ALGESTER is one of the more expensive suburbs in QLD. Median home prices are $490,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $441,000 home loan.
ALGESTER, 4115 is number 676th in a list of the country’s fastest growing suburbs, and number 154th in State. It has had an average population growth of 178.60 over the period between the last two national censuses.
Mortgage payments in ALGESTER , 4115 have increased by $706 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ALGESTER, 4115 should have seen some difference. While the latest census median annual household figure income is now $74,724, it was $59,020 back in 2006, which is a net increase of $15,704 Subtract from that the median mortgage repayment increase of $8,472 and a mortgage broker’s clients could be up to $7,232 better off each year even without factoring in mortgage rate cuts.