If you were to buy a house locally at the current median price of $355,000 and had 10% deposit, then you would need a mortgage for $319,500. This is small than average mortgage compared to state.
Between 2005 and 2011 the population of NAMBOUR, 4560 grew an average of 89.80 people each year. This figure of 2024.40% per annum means NAMBOUR is one of the fastest growing suburbs in QLD.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $33 more than the median monthly home loan repayment in NAMBOUR, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NAMBOUR, 4560 should have seen some difference. While the latest census median annual household figure income is now $44,044, it was $35,604 back in 2006, which is a net increase of $8,439 Subtract from that the median mortgage repayment increase of $6,204 and a mortgage broker’s clients could be up to $2,235 better off each year even without factoring in mortgage rate cuts.