There are a number of REDLYNCH, 4870 mortgage brokers that can help you find the right home loan. With median house prices at $479,500 for this QLD suburb, it's important that you have someone shop around and get you the best mortgage deal.
Between 2005 and 2011 the population of REDLYNCH, 4870 grew an average of 515.00 people each year. This figure of 1709.00% per annum means REDLYNCH is one of the fastest growing suburbs in QLD.
REDLYNCH 4870 homeowners are paying around 33.78% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as 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 REDLYNCH, 4870 should have seen some difference. While the latest census median annual household figure income is now $90,220, it was $72,269 back in 2006, which is a net increase of $17,950 Subtract from that the median mortgage repayment increase of $6,060 and a mortgage broker’s clients could be up to $11,890 better off each year even without factoring in mortgage rate cuts.