Which suburb you live in obviously impacts how much your next mortgage is. If we assume that the median house price is directly linked to the size of mortgages in a suburb, then RED HILL is number 838th on a national scale of largest to smallest mortgages. Make sure that you get a good mortgage broker who can service RED HILL, 4059.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 5446.00% population change in RED HILL 4059 is well above average.
RED HILL 4059 homeowners are paying around 28.11% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay less than the median average increase of QLD which is 48.06%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RED HILL, 4059 should have seen some difference. While the latest census median annual household figure income is now $99,268, it was $69,721 back in 2006, which is a net increase of $29,546 Subtract from that the median mortgage repayment increase of $6,582 and a mortgage broker’s clients could be up to $22,964 better off each year even without factoring in mortgage rate cuts.