If you were to buy a house locally at the current median price of $645,000 and had 10% deposit, then you would need a mortgage for $580,500. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of HOPE ISLAND, 4212 grew an average of 617.00 people each year. This figure of 1676.20% per annum means HOPE ISLAND is one of the fastest growing suburbs in QLD.
With a median housing loan repayment of $2,650 a month, HOPE ISLAND , 4212 mortgage brokers are seeing mortgage holders paying $655 more than 2006.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, HOPE ISLAND QLD would be 1204th with 39.63.