Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in NORMAN PARK, 4170 is already $880,000, which makes it the number 48th in QLD on a list ordered by most expensive. Make sure that you get good NORMAN PARK mortgage broker to look for the best deal.
Across the whole country NORMAN PARK,4170 is number 1040th fastest growing suburb by population growth, and 237th in State. Its population grew by 55 people over the last five years.
Mortgage brokers in NORMAN PARK, 4170 have seen that the median mortgage loan repayment has increased substantially between the last two census periods, changing from $1,800 to $2,383.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORMAN PARK, 4170 should have seen some difference. While the latest census median annual household figure income is now $109,720, it was $79,040 back in 2006, which is a net increase of $30,680 Subtract from that the median mortgage repayment increase of $6,996 and a mortgage broker’s clients could be up to $23,684 better off each year even without factoring in mortgage rate cuts.