BROWNS PLAINS is one of the less expensive suburbs in QLD. Median home prices are $344,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $309,600 home loan.
Australia’s total population growth over the last five years has been 5472.00 This means that BROWNS PLAINS, 4118’s growth of -109 people is well above the mean for the country as a whole.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-96 less than the median monthly home loan repayment in BROWNS PLAINS, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BROWNS PLAINS, 4118 should have seen some difference. While the latest census median annual household figure income is now $60,684, it was $51,734 back in 2006, which is a net increase of $8,949 Subtract from that the median mortgage repayment increase of $7,752 and a mortgage broker’s clients could be up to $1,197 better off each year even without factoring in mortgage rate cuts.