If you were to buy a house locally at the current median price of $451,844 and had 10% deposit, then you would need a mortgage for $406,660. This is an average sized mortgage compared to state.
Australia’s total population growth over the last five years has been 10418.00 This means that MARANGAROO, 6064’s growth of 196 people is well above the mean for the country as a whole.
Mortgage brokers in MARANGAROO, 6064 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,083 to $1,651.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MARANGAROO, 6064 should have seen some difference. While the latest census median annual household figure income is now $64,740, it was $51,506 back in 2006, which is a net increase of $13,234 Subtract from that the median mortgage repayment increase of $6,816 and a mortgage broker’s clients could be up to $6,418 better off each year even without factoring in mortgage rate cuts.