Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in LABRADOR, 4215 is already $495,000, which makes it the number 344th in QLD on a list ordered by most expensive. Make sure that you get good LABRADOR mortgage broker to look for the best deal.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 16301.00% population change in LABRADOR 4215 is well above average.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,733 which is $460 more every month. As a percentage rise, this makes LABRADOR, 4215 the number 2627th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in LABRADOR, 4215 should have seen some difference. While the latest census median annual household figure income is now $44,824, it was $38,350 back in 2006, which is a net increase of $6,474 Subtract from that the median mortgage repayment increase of $5,520 and a mortgage broker’s clients could be up to $954 better off each year even without factoring in mortgage rate cuts.