ORMISTON is one of the more expensive suburbs in QLD. Median home prices are $625,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $562,500 home loan.
ORMISTON, 4160 is number 1144th in a list of the country’s fastest growing suburbs, and number 264th in State. It has had an average population growth of 51.60 over the period between the last two national censuses.
Mortgage brokers in ORMISTON, 4160 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,460 to $2,000.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in ORMISTON, 4160 should have seen some difference. While the latest census median annual household figure income is now $75,088, it was $58,063 back in 2006, which is a net increase of $17,024 Subtract from that the median mortgage repayment increase of $6,480 and a mortgage broker’s clients could be up to $10,544 better off each year even without factoring in mortgage rate cuts.