If you’re looking to buy in DREWVALE then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have not risen much to $559,000 over the last year.
DREWVALE, 4116 is number 1654th in a list of the country’s fastest growing suburbs, and number 385th in State. It has had an average population growth of 272.60 over the period between the last two national censuses.
DREWVALE 4116 homeowners are paying around 37.51% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as 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 DREWVALE, 4116 should have seen some difference. While the latest census median annual household figure income is now $94,484, it was $75,062 back in 2006, which is a net increase of $19,422 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $11,622 better off each year even without factoring in mortgage rate cuts.