If you were to buy a house locally at the current median price of $1,025,000 and had 10% deposit, then you would need a mortgage for $922,500. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 5723.00 This means that HIGHGATE HILL, 4101’s growth of 394 people is well above the mean for the country as a whole.
HIGHGATE HILL 4101 homeowners are paying around 28.21% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of QLD which is 48.06%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in HIGHGATE HILL, 4101 should have seen some difference. While the latest census median annual household figure income is now $71,760, it was $56,420 back in 2006, which is a net increase of $15,340 Subtract from that the median mortgage repayment increase of $5,280 and a mortgage broker’s clients could be up to $10,060 better off each year even without factoring in mortgage rate cuts.