If you were to buy a house locally at the current median price of $513,000 and had 10% deposit, then you would need a mortgage for $461,700. This is quite a large mortgage compared to state.
The average suburb population growth in QLD has been 2808.22% since 2006, so the 11175.00% population change in SHAILER PARK 4128 is well above average.
SHAILER PARK 4128 homeowners are paying around 50.00% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay more than 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 SHAILER PARK, 4128 should have seen some difference. While the latest census median annual household figure income is now $91,936, it was $72,841 back in 2006, which is a net increase of $19,094 Subtract from that the median mortgage repayment increase of $7,800 and a mortgage broker’s clients could be up to $11,294 better off each year even without factoring in mortgage rate cuts.