Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then EIGHT MILE PLAINS is number 992th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service EIGHT MILE PLAINS, 4113.
EIGHT MILE PLAINS, 4113 is number 258th in a list of the country’s fastest growing suburbs, and number 47th in State. It has had an average population growth of 2658.80 over the period between the last two national censuses.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in EIGHT MILE PLAINS, 4113 rank at number 10th in State or 31th 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 EIGHT MILE PLAINS, 4113 should have seen some difference. While the latest census median annual household figure income is now $76,492, it was $59,763 back in 2006, which is a net increase of $16,728 Subtract from that the median mortgage repayment increase of $24,000 and a mortgage broker’s clients could be up to $-7,271 better off each year even without factoring in mortgage rate cuts.