If you were to buy a house locally at the current median price of $1,240,000 and had 10% deposit, then you would need a mortgage for $1,116,000. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 14335.00 This means that MIRANDA, 2228’s growth of 1357 people is well above the mean for the country as a whole.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $2,275 which is $373 more every month. As a percentage rise, this makes MIRANDA, 2228 the number 702th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Weekly gross incomes in MIRANDA, 2228 have increased by $218. In the same period median mortgage loan repayments have increased by $373.