CALOUNDRA is one of the more expensive suburbs in QLD. Median home prices are $539,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $485,100 home loan.
CALOUNDRA, 4551 is number 1806th in a list of the country’s fastest growing suburbs, and number 427th in State. It has had an average population growth of 26.40 over the period between the last two national censuses.
CALOUNDRA 4551 homeowners are paying around 31.15% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than 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 CALOUNDRA, 4551 should have seen some difference. While the latest census median annual household figure income is now $36,920, it was $30,706 back in 2006, which is a net increase of $6,214 Subtract from that the median mortgage repayment increase of $4,860 and a mortgage broker’s clients could be up to $1,354 better off each year even without factoring in mortgage rate cuts.