NORTH WARD is one of the most expensive suburbs in QLD. Median home prices are $650,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $585,000 home loan.
NORTH WARD, 4810 is number 1303th in a list of the country’s fastest growing suburbs, and number 308th in State. It has had an average population growth of 83.40 over the period between the last two national censuses.
With a median housing loan repayment of $2,000 a month, NORTH WARD , 4810 mortgage brokers are seeing mortgage holders paying $592 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORTH WARD, 4810 should have seen some difference. While the latest census median annual household figure income is now $66,352, it was $56,154 back in 2006, which is a net increase of $10,197 Subtract from that the median mortgage repayment increase of $7,104 and a mortgage broker’s clients could be up to $3,093 better off each year even without factoring in mortgage rate cuts.