If you were to buy a house locally at the current median price of $325,000 and had 10% deposit, then you would need a mortgage for $292,500. This is small than average mortgage compared to state.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with well above the state figure, COLLINGWOOD PARK, 4301 figure of 1319 represents a 6522.00% change.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in COLLINGWOOD PARK, 4301 rank at number 592th in State or 1703th nationally when listed in order of median monthly mortgage payment.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in COLLINGWOOD PARK, 4301 should have seen some difference. While the latest census median annual household figure income is now $72,436, it was $61,999 back in 2006, which is a net increase of $10,436 Subtract from that the median mortgage repayment increase of $7,284 and a mortgage broker’s clients could be up to $3,152 better off each year even without factoring in mortgage rate cuts.