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 FERNY HILLS , 4055 is $522,000 this month which means that a mortgage for 80% of that value would be $417,600.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with well above the state figure, FERNY HILLS, 4055 figure of 8649 represents a 8620.00% change.
FERNY HILLS 4055 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 FERNY HILLS, 4055 should have seen some difference. While the latest census median annual household figure income is now $89,076, it was $106,569 back in 2006, which is a net increase of $-17,492 Subtract from that the median mortgage repayment increase of $5,796 and a mortgage broker’s clients could be up to $-23,288 better off each year even without factoring in mortgage rate cuts.