No matter where in QLD you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in ASHMORE , 4214 is $580,000 this month which means that a mortgage for 80% of that value would be $464,000.
With a net change of 71 people, ASHMORE 4214 has not grown much when compared to other suburbs in QLD.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,950 which is $542 more every month. As a percentage rise, this makes ASHMORE, 4214 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 ASHMORE, 4214 should have seen some difference. While the latest census median annual household figure income is now $59,592, it was $54,532 back in 2006, which is a net increase of $5,059 Subtract from that the median mortgage repayment increase of $6,504 and a mortgage broker’s clients could be up to $-1,444 better off each year even without factoring in mortgage rate cuts.