If you were to buy a house locally at the current median price of $422,000 and had 10% deposit, then you would need a mortgage for $379,800. This is an average sized mortgage compared to state.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with far below the state figure, NERANG, 4211 figure of 16256 represents a 0.00% change.
Mortgage brokers in NERANG, 4211 have seen that the median mortgage loan repayment has decreased notably between the last two census periods, changing from $0 to $1,850.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NERANG, 4211 should have seen some difference. While the latest census median annual household figure income is now $52,364, it was $0 back in 2006, which is a net increase of $52,364 Subtract from that the median mortgage repayment increase of $22,200 and a mortgage broker’s clients could be up to $30,164 better off each year even without factoring in mortgage rate cuts.