If you were to buy a house locally at the current median price of $650,000 and had 10% deposit, then you would need a mortgage for $585,000. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 7233.00 This means that MOOLOOLABA, 4557’s growth of -43 people is well above the mean for the country as a whole.
Mortgage brokers in MOOLOOLABA, 4557 have seen that the median mortgage loan repayment has not changed much between the last two census periods, changing from $1,300 to $1,733.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MOOLOOLABA, 4557 should have seen some difference. While the latest census median annual household figure income is now $51,584, it was $46,212 back in 2006, which is a net increase of $5,371 Subtract from that the median mortgage repayment increase of $5,196 and a mortgage broker’s clients could be up to $175 better off each year even without factoring in mortgage rate cuts.