If you’re looking to buy in CANNON HILL then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $726,875 over the last year.
Between 2005 and 2011 the population of CANNON HILL, 4170 grew an average of 84.80 people each year. This figure of 881.40% per annum means CANNON HILL is one of the more rapidly growing suburbs in QLD.
CANNON HILL 4170 homeowners are paying around 51.36% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more 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 CANNON HILL, 4170 should have seen some difference. While the latest census median annual household figure income is now $74,828, it was $55,993 back in 2006, which is a net increase of $18,834 Subtract from that the median mortgage repayment increase of $9,162 and a mortgage broker’s clients could be up to $9,672 better off each year even without factoring in mortgage rate cuts.