Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in NORTHGATE, 4013 is already $640,200, which makes it the number 189th in QLD on a list ordered by most expensive. Make sure that you get good NORTHGATE mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 4204.00 This means that NORTHGATE, 4013’s growth of 463 people is considerably above the mean for the country as a whole.
NORTHGATE, 4013 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,444 to $2,167.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in NORTHGATE, 4013 should have seen some difference. While the latest census median annual household figure income is now $73,008, it was $53,476 back in 2006, which is a net increase of $19,531 Subtract from that the median mortgage repayment increase of $8,670 and a mortgage broker’s clients could be up to $10,861 better off each year even without factoring in mortgage rate cuts.