If you were to buy a house locally at the current median price of $770,000 and had 10% deposit, then you would need a mortgage for $693,000. This is a very large mortgage compared to state.
With a net change of 78 people, BRIDGEMAN DOWNS 4035 has not grown much when compared to other suburbs in QLD.
BRIDGEMAN DOWNS 4035 homeowners are paying around 35.44% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of QLD which is 48.06%.
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.