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 FERNY HILLS is number 1988th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service FERNY HILLS, 4055.
Across the whole country FERNY HILLS,4055 is number 623th fastest growing suburb by population growth, and 137th in State. Its population grew by 8649 people over the last five years.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in FERNY HILLS, 4055 rank at number 347th in State or 1043th 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 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.