If you were to buy a house locally at the current median price of $957,500 and had 10% deposit, then you would need a mortgage for $861,750. This is quite a large mortgage compared to state.
Across the whole country MACMASTERS BEACH,2251 is number 3356th fastest growing suburb by population growth, and 1042th in State. Its population grew by 207 people over the last five years.
With a median housing loan repayment of $1,850 a month, MACMASTERS BEACH , 2251 mortgage brokers are seeing mortgage holders paying $-13 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MACMASTERS BEACH, 2251 should have seen some difference. While the latest census median annual household figure income is now $71,604, it was $61,526 back in 2006, which is a net increase of $10,077 Subtract from that the median mortgage repayment increase of $-162 and a mortgage broker’s clients could be up to $10,239 better off each year even without factoring in mortgage rate cuts.