If you’re looking to buy in PALM COVE then you’re going to need a mortgage broker who can get you a good home loan. Median house prices have increased to $600,000 over the last year.
Across the whole country PALM COVE,4879 is number 2944th fastest growing suburb by population growth, and 670th in State. Its population grew by 441 people over the last five years.
When looking as just how much people in suburb pay on their mortgages, the median mortgage repayment is $1,842 which is $183 more every month. As a percentage rise, this makes PALM COVE, 4879 the number 2272th on a list of suburbs in Australia ranked by percentage mortgage payment increase across the 5 years between the 2006 and the 2011 census.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PALM COVE, 4879 should have seen some difference. While the latest census median annual household figure income is now $54,652, it was $57,600 back in 2006, which is a net increase of $-2,948 Subtract from that the median mortgage repayment increase of $2,196 and a mortgage broker’s clients could be up to $-5,144 better off each year even without factoring in mortgage rate cuts.