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 BANKSIA BEACH , 4507 is $545,000 this month which means that a mortgage for 80% of that value would be $436,000.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with well above the state figure, BANKSIA BEACH, 4507 figure of 710 represents a 5382.00% change.
BANKSIA BEACH, 4507 has seen a large 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 $1,500 to $1,812.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BANKSIA BEACH, 4507 should have seen some difference. While the latest census median annual household figure income is now $50,700, it was $42,770 back in 2006, which is a net increase of $7,930 Subtract from that the median mortgage repayment increase of $3,744 and a mortgage broker’s clients could be up to $4,186 better off each year even without factoring in mortgage rate cuts.