If you were to buy a house locally at the current median price of $245,000 and had 10% deposit, then you would need a mortgage for $220,500. This is relatively small mortgage compared to state.
QLD has seen an average of 2808.22% rowth over the last 5 years. This means that with well above the state figure, NORTH MACKAY, 4740 figure of 230 represents a 6497.00% change.
Mortgage brokers in NORTH MACKAY, 4740 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,148 to $1,937.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORTH MACKAY, 4740 should have seen some difference. While the latest census median annual household figure income is now $65,052, it was $46,009 back in 2006, which is a net increase of $19,042 Subtract from that the median mortgage repayment increase of $9,468 and a mortgage broker’s clients could be up to $9,574 better off each year even without factoring in mortgage rate cuts.