Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in MORAYFIELD, 4506 is already $352,500, which makes it the number 611th in QLD on a list ordered by most expensive. Make sure that you get good MORAYFIELD mortgage broker to look for the best deal.
Between 2005 and 2011 the population of MORAYFIELD, 4506 grew an average of 3807.20 people each year. This figure of 3849.20% per annum means MORAYFIELD is one of the fastest growing suburbs in QLD.
MORAYFIELD 4506 homeowners are paying around 6.12% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay much less than the median average increase of QLD which is 48.06%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in MORAYFIELD, 4506 should have seen some difference. While the latest census median annual household figure income is now $62,036, it was $71,713 back in 2006, which is a net increase of $-9,677 Subtract from that the median mortgage repayment increase of $1,206 and a mortgage broker’s clients could be up to $-10,883 better off each year even without factoring in mortgage rate cuts.