No matter where in QLD you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in BURLEIGH HEADS , 4220 is $720,000 this month which means that a mortgage for 80% of that value would be $576,000.
Across the whole country BURLEIGH HEADS,4220 is number 569th fastest growing suburb by population growth, and 119th in State. Its population grew by 1580 people over the last five years.
BURLEIGH HEADS, 4220 has seen a large 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 $1,426 to $2,000.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in BURLEIGH HEADS, 4220 should have seen some difference. While the latest census median annual household figure income is now $55,796, it was $46,685 back in 2006, which is a net increase of $9,110 Subtract from that the median mortgage repayment increase of $6,888 and a mortgage broker’s clients could be up to $2,222 better off each year even without factoring in mortgage rate cuts.