MOSSMAN is one of the least expensive suburbs in QLD. Median home prices are $298,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $268,200 home loan.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 1631.00% population change in MOSSMAN 4873 is pretty equal to average.
MOSSMAN 4873 homeowners are paying around 51.67% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more 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 MOSSMAN, 4873 should have seen some difference. While the latest census median annual household figure income is now $45,084, it was $40,794 back in 2006, which is a net increase of $4,290 Subtract from that the median mortgage repayment increase of $7,440 and a mortgage broker’s clients could be up to $-3,150 better off each year even without factoring in mortgage rate cuts.