Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in RUNAWAY BAY, 4216 is already $957,500, which makes it the number 29th in QLD on a list ordered by most expensive. Make sure that you get good RUNAWAY BAY mortgage broker to look for the best deal.
Between 2005 and 2011 the population of RUNAWAY BAY, 4216 grew an average of 92.40 people each year. This figure of 1762.40% per annum means RUNAWAY BAY is one of the fastest growing suburbs in QLD.
In QLD the median mortgage repayment has increased from $1,125 to $1,633 which is $-534 less than the median monthly home loan repayment in RUNAWAY BAY, QLD.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in RUNAWAY BAY, 4216 should have seen some difference. While the latest census median annual household figure income is now $55,380, it was $54,615 back in 2006, which is a net increase of $764 Subtract from that the median mortgage repayment increase of $6,504 and a mortgage broker’s clients could be up to $-5,739 better off each year even without factoring in mortgage rate cuts.