If you were to buy a house locally at the current median price of $957,500 and had 10% deposit, then you would need a mortgage for $861,750. This is a very large mortgage compared to state.
Australia’s total population growth over the last five years has been 8812.00 This means that RUNAWAY BAY, 4216’s growth of 462 people is well above the mean for the country as a whole.
RUNAWAY BAY, 4216 has seen a substantial 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 $1,625 to $2,167.
On a national list of suburbs ranked by median mortgage repayments, RUNAWAY BAY would be 858th.