No matter where in QLD you want to buy a home, it's important that you get the right mortgage product to make sure that you pay as little as possible every month. The median house price in PALMWOODS , 4555 is $490,000 this month which means that a mortgage for 80% of that value would be $392,000.
PALMWOODS, 4555 is number 1186th in a list of the country’s fastest growing suburbs, and number 280th in State. It has had an average population growth of 200.80 over the period between the last two national censuses.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-274 less than the median monthly home loan repayment in PALMWOODS, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PALMWOODS, 4555 should have seen some difference. While the latest census median annual household figure income is now $58,864, it was $52,265 back in 2006, which is a net increase of $6,598 Subtract from that the median mortgage repayment increase of $7,284 and a mortgage broker’s clients could be up to $-685 better off each year even without factoring in mortgage rate cuts.