Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in FOREST LAKE, 4078 is already $430,000, which makes it the number 461th in QLD on a list ordered by most expensive. Make sure that you get good FOREST LAKE mortgage broker to look for the best deal.
With a net change of 1421 people, FOREST LAKE 4078 has grown considerably when compared to other suburbs in QLD.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-367 less than the median monthly home loan repayment in FOREST LAKE, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in FOREST LAKE, 4078 should have seen some difference. While the latest census median annual household figure income is now $83,044, it was $63,934 back in 2006, which is a net increase of $19,110 Subtract from that the median mortgage repayment increase of $6,864 and a mortgage broker’s clients could be up to $12,246 better off each year even without factoring in mortgage rate cuts.