Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in BROADBEACH WATERS, 4218 is already $990,000, which makes it the number 23th in QLD on a list ordered by most expensive. Make sure that you get good BROADBEACH WATERS mortgage broker to look for the best deal.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with well above the state figure, BROADBEACH WATERS, 4218 figure of 155 represents a 7434.00% change.
BROADBEACH WATERS, 4218 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 $1,768 to $2,392.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BROADBEACH WATERS, 4218 should have seen some difference. While the latest census median annual household figure income is now $65,364, it was $56,648 back in 2006, which is a net increase of $8,715 Subtract from that the median mortgage repayment increase of $7,488 and a mortgage broker’s clients could be up to $1,227 better off each year even without factoring in mortgage rate cuts.