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 ARANA HILLS is number 1993th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service ARANA HILLS, 4054.
ARANA HILLS 4054 has seen considerable shrinkage in it’s population over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,000 which is $624 more every month. As a percentage rise, this makes ARANA HILLS, 4054 the number 1453th 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 ARANA HILLS, 4054 should have seen some difference. While the latest census median annual household figure income is now $88,036, it was $68,640 back in 2006, which is a net increase of $19,396 Subtract from that the median mortgage repayment increase of $7,488 and a mortgage broker’s clients could be up to $11,908 better off each year even without factoring in mortgage rate cuts.