HAWTHORNE is one of the most expensive suburbs in QLD. Median home prices are $1,100,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $990,000 home loan.
Across the whole country HAWTHORNE,4171 is number 1390th fastest growing suburb by population growth, and 328th in State. Its population grew by 467 people over the last five years.
HAWTHORNE, 4171 has seen a substantial 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 $1,950 to $2,500.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HAWTHORNE, 4171 should have seen some difference. While the latest census median annual household figure income is now $109,252, it was $78,644 back in 2006, which is a net increase of $30,607 Subtract from that the median mortgage repayment increase of $6,600 and a mortgage broker’s clients could be up to $24,007 better off each year even without factoring in mortgage rate cuts.