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 REDLYNCH , 4870 is $473,000 this month which means that a mortgage for 80% of that value would be $378,400.
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 has seen a large increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,495 to $2,000.
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.