SARINA is one of the less expensive suburbs in QLD. Median home prices are $317,500 so a 90% mortgage at level that will mean your mortgage broker will need to find you the best deal possible for a $285,750 home loan.
Australia’s total population growth over the last five years has been 5629.00 This means that SARINA, 4737’s growth of 998 people is well above the mean for the country as a whole.
SARINA, 4737 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 $1,127 to $1,950.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in SARINA, 4737 should have seen some difference. While the latest census median annual household figure income is now $69,732, it was $52,842 back in 2006, which is a net increase of $16,889 Subtract from that the median mortgage repayment increase of $9,876 and a mortgage broker’s clients could be up to $7,013 better off each year even without factoring in mortgage rate cuts.