If you were to buy a house locally at the current median price of $210,000 and had 10% deposit, then you would need a mortgage for $189,000. This is relatively small mortgage compared to state.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with above the state figure, GRANVILLE, 4650 figure of 79 represents a 2589.00% change.
GRANVILLE, 4650 has seen a low increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $916 to $1,226.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GRANVILLE, 4650 should have seen some difference. While the latest census median annual household figure income is now $40,560, it was $36,160 back in 2006, which is a net increase of $4,399 Subtract from that the median mortgage repayment increase of $3,714 and a mortgage broker’s clients could be up to $685 better off each year even without factoring in mortgage rate cuts.