GRIFFIN is one of the averagely priced suburbs in QLD. Median home prices are $450,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $405,000 home loan.
Australia’s total population growth over the last five years has been 2257.00 This means that GRIFFIN, 4503’s growth of 1165 people is considerably above the mean for the country as a whole.
Mortgage payments in GRIFFIN , 4503 have increased by $708 over the 5-year census period.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in GRIFFIN, 4503 should have seen some difference. While the latest census median annual household figure income is now $88,192, it was $76,070 back in 2006, which is a net increase of $12,121 Subtract from that the median mortgage repayment increase of $8,496 and a mortgage broker’s clients could be up to $3,625 better off each year even without factoring in mortgage rate cuts.