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 BENOWA , 4217 is $770,000 this month which means that a mortgage for 80% of that value would be $616,000.
Australia’s total population growth over the last five years has been 7878.00 This means that BENOWA, 4217’s growth of 709 people is well above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,167 which is $434 more every month. As a percentage rise, this makes BENOWA, 4217 the number 846th 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 BENOWA, 4217 should have seen some difference. While the latest census median annual household figure income is now $72,124, it was $59,342 back in 2006, which is a net increase of $12,781 Subtract from that the median mortgage repayment increase of $5,208 and a mortgage broker’s clients could be up to $7,573 better off each year even without factoring in mortgage rate cuts.