If you were to buy a house locally at the current median price of $765,000 and had 10% deposit, then you would need a mortgage for $688,500. This is a very large mortgage compared to state.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with well above the state figure, BRIDGEMAN DOWNS, 4035 figure of 78 represents a 7345.00% change.
BRIDGEMAN DOWNS, 4035 has seen a substantial 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 $1,600 to $2,167.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BRIDGEMAN DOWNS, 4035 should have seen some difference. While the latest census median annual household figure income is now $117,728, it was $94,931 back in 2006, which is a net increase of $22,796 Subtract from that the median mortgage repayment increase of $6,804 and a mortgage broker’s clients could be up to $15,992 better off each year even without factoring in mortgage rate cuts.