If you were to buy a house locally at the current median price of $945,000 and had 10% deposit, then you would need a mortgage for $850,500. This is a very large mortgage compared to state.
With a net change of 187 people, BALMORAL 4171 has not grown much when compared to other suburbs in QLD.
Mortgage brokers in BALMORAL, 4171 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,733 to $2,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BALMORAL, 4171 should have seen some difference. While the latest census median annual household figure income is now $106,288, it was $73,725 back in 2006, which is a net increase of $32,562 Subtract from that the median mortgage repayment increase of $9,204 and a mortgage broker’s clients could be up to $23,358 better off each year even without factoring in mortgage rate cuts.