If you were to buy a house locally at the current median price of $660,000 and had 10% deposit, then you would need a mortgage for $594,000. This is a very large mortgage compared to state.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 15191.00% population change in CALAMVALE 4116 is well above average.
CALAMVALE, 4116 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 $1,400 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 CALAMVALE, 4116 should have seen some difference. While the latest census median annual household figure income is now $83,460, it was $64,038 back in 2006, which is a net increase of $19,422 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $12,222 better off each year even without factoring in mortgage rate cuts.