BOOVAL is one of the least expensive suburbs in QLD. Median home prices are $280,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $252,000 home loan.
BOOVAL 4304 has seen steady growth in it’s population over the last five years.
Mortgage payments in BOOVAL , 4304 have increased by $382 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BOOVAL, 4304 should have seen some difference. While the latest census median annual household figure income is now $40,404, it was $32,900 back in 2006, which is a net increase of $7,503 Subtract from that the median mortgage repayment increase of $4,584 and a mortgage broker’s clients could be up to $2,919 better off each year even without factoring in mortgage rate cuts.