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 CLEVELAND , 4163 is $585,000 this month which means that a mortgage for 80% of that value would be $468,000.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 14313.00% population change in CLEVELAND 4163 is well above average.
CLEVELAND 4163 homeowners are paying around 31.84% 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 CLEVELAND, 4163 should have seen some difference. While the latest census median annual household figure income is now $59,228, it was $52,405 back in 2006, which is a net increase of $6,822 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $1,026 better off each year even without factoring in mortgage rate cuts.