Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in PARADISE POINT, 4216 is already $950,000, which makes it the number 32th in QLD on a list ordered by most expensive. Make sure that you get good PARADISE POINT mortgage broker to look for the best deal.
Australia’s total population growth over the last five years has been 5829.00 This means that PARADISE POINT, 4216’s growth of 814 people is well above the mean for the country as a whole.
With a median housing loan repayment of $2,297 a month, PARADISE POINT , 4216 mortgage brokers are seeing mortgage holders paying $564 more than 2006.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in PARADISE POINT, 4216 should have seen some difference. While the latest census median annual household figure income is now $60,476, it was $49,987 back in 2006, which is a net increase of $10,488 Subtract from that the median mortgage repayment increase of $6,768 and a mortgage broker’s clients could be up to $3,720 better off each year even without factoring in mortgage rate cuts.