If you were to buy a house locally at the current median price of $2,507,500 and had 10% deposit, then you would need a mortgage for $2,256,750. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 9184.00 This means that KILLARA, 2071’s growth of 311 people is well above the mean for the country as a whole.
Mortgage brokers in KILLARA, 2071 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $2,500 to $3,300.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in KILLARA, 2071 should have seen some difference. While the latest census median annual household figure income is now $130,416, it was $116,319 back in 2006, which is a net increase of $14,097 Subtract from that the median mortgage repayment increase of $9,600 and a mortgage broker’s clients could be up to $4,497 better off each year even without factoring in mortgage rate cuts.