PALM BEACH is one of the most expensive suburbs in QLD. Median home prices are $700,000 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $630,000 home loan.
With a net change of 462 people, PALM BEACH 4221 has grown when compared to other suburbs in QLD.
Mortgage brokers in PALM BEACH, 4221 have seen that the median mortgage loan repayment has increased somewhat between the last two census periods, changing from $1,400 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 PALM BEACH, 4221 should have seen some difference. While the latest census median annual household figure income is now $49,764, it was $41,646 back in 2006, which is a net increase of $8,117 Subtract from that the median mortgage repayment increase of $7,200 and a mortgage broker’s clients could be up to $917 better off each year even without factoring in mortgage rate cuts.