If you’re looking to buy in MACKAY then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have fallen considerably to $250,000 over the last year.
MACKAY, 4740 is number 1602th in a list of the country’s fastest growing suburbs, and number 377th in State. It has had an average population growth of 51.40 over the period between the last two national censuses.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-317 less than the median monthly home loan repayment in MACKAY, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MACKAY, 4740 should have seen some difference. While the latest census median annual household figure income is now $60,996, it was $38,672 back in 2006, which is a net increase of $22,323 Subtract from that the median mortgage repayment increase of $10,404 and a mortgage broker’s clients could be up to $11,919 better off each year even without factoring in mortgage rate cuts.