No matter where in QLD you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in HERMIT PARK , 4812 is $342,000 this month which means that a mortgage for 80% of that value would be $273,600.
With a net change of 74 people, HERMIT PARK 4812 has not grown much when compared to other suburbs in QLD.
Across the nation mortgage brokers have seen home loan repayments rise from census to census. Mortgage repayments in HERMIT PARK, 4812 rank at number 996th in State or 3322th 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 HERMIT PARK, 4812 should have seen some difference. While the latest census median annual household figure income is now $55,120, it was $47,096 back in 2006, which is a net increase of $8,023 Subtract from that the median mortgage repayment increase of $5,220 and a mortgage broker’s clients could be up to $2,803 better off each year even without factoring in mortgage rate cuts.